A minority of sectors take on water: Consumer Discretionary and Communication Services run aground, while Energy has the wind in its sails
Communication Services .SPLRCL drops 6.1%. Google parent Alphabet GOOGL.O falls after spending surge sparks concerns over AI returns amid Gemini delay
Consumer Discretionary .SPLRCD tumbles 6.1%. Tesla TSLA.O skids after posting Q2 earnings below estimates, negative free cash flow for first time in more than two years
Tech .SPLRCT up 0.4%. AI server maker Super Micro SMCI.O surges after strong business update, books $60 bln in orders, spills over to Dell DELL.N, Hewlett Packard Enterprise HPE.N
Intel INTC.O drops despite blowout report; chip index retreats on Friday
Semiconductor index .SOX navigates to 1.2% gain
Energy .SPNY accelerates 3.8%. Group rises as Brent crude touches $100/bbl after Houthi attack on Saudi tankers O/R. Oil climbs to six-week highs, but clouds gather near resistance
Markets end the week mixed as rates rise
S&P 500 .SPX down second straight week, dips 0.6% as markets monitor Middle East straits .N
S&P 500 starts week out on the back foot, but bulls fight back, show resilience, and Nasdaq Composite tests bulls' resolve after sharp tech-led selloff
Indeed, Mag 7 MAGS.K stumbles as AI spending concerns return, but ETF holds support
And when it comes to Tech vs. Banks .SPXBK, it's a tale of two trendlines
U.S. 10-Year Treasury yield US10YT=RR rises 14 basis points, largest weekly increase since May, to around 4.68% US/. This as volatility compression gives way
Investor sentiment and year-to-date sector standings
Meanwhile, individual investor optimism takes a hit as inflation worries linger
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