RPT-BUZZ-US stocks weekly: Rethink

Reuters
Sep 29
RPT-BUZZ-US stocks weekly: Rethink

Repeats from Friday with no changes to text. Updates chart

** S&P 500 .SPX snaps three-week winning streak, edges down 0.3% as strong economic data raises questions over prospects for further interest rate cuts from the Fed .N

** Dow .DJI eases 0.1%, while Nasdaq Composite .IXIC retreats 0.7%, also breaks three-week run of advances

** U.S. 10-Year Treasury yield US10YT=RR lifts to around 4.18%, for its second-straight weekly rise US/

** Majority of sectors take a step back: Communication Services and Materials most perplexed, while Energy forges ahead

** Communication Services .SPLRCL dive 2.7%. Match MTCH.O falls after Meta's META.O Facebook Dating adds new features

And Meta down after report it faces EU charge for failing to adequately police illegal posts, risking fines

On the flip side, Walt Disney DIS.N rises on Weds as Jimmy Kimmel's return to late-night TV propels ratings to 10-year high, racks up social media views

Videogame maker Electronic Arts EA.O vaults on Fri after media reports of take-private deal

** Materials .SPLRCM melt 2%. Freeport-McMoRan FCX.N plunges ~20% on week after it declares force majeure at Grasberg mine in Indonesia, forecasts lower copper, gold sales

** Consumer Discretionary .SPLRCD drops 1.2%. Carmax KMX.N crashes to over five-year low as excess inventory, falling used-car prices dent Q2 profit. KMX sheds 23%

Consumer Staples .SPLRCS slip 1.1%. Kenvue KVUE.N slumps as President Trump links autism with Tylenol

Costco COST.O dips as membership-only retail chain's qtrly beat gets a mixed reception

** Industrials .SPLRCI inch up 0.1%. Boeing BA.N ascends as FAA to allow it to issue airworthiness certificates for some 737 MAX, 787 planes

** Tech .SPLRCT ticks up 0.3%. Intel INTC.O leaps 20% on the week in wake of report struggling chipmaker seeking investment from Apple

Nvidia NVDA.O jumps to record high after $100 bln investment in OpenAI unveiled

Semiconductor index .SOX climbs ~1%

Apple AAPL.O rises on early strong demand signs for iPhone 17

** Energy .SPNY rallies 4.7%. Group adds to earlier weekly gains on Fri after Russia cuts fuel exports following Ukraine's attacks on its energy infrastructure. SPNY scores best week since mid-Jun O/R

** Meanwhile, among individual investors, sentiment shifts toward 'neutral'

** SPX performance YTD:

SP 500 2025 YTD THROUGH SEPT 26 https://fingfx.thomsonreuters.com/gfx/buzz/lbvgzegjmpq/SP%20500%202025%20YTD%20through%20Sept%2026.jpg

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10