S&P 500 .SPX rises second straight week, adds 3.6% as investors parse heavy slate of corporate reports, economic data and Mideast diplomacy developments .N
Buyers regain control as S&P 500 vaults to fresh record highs
This as the Nasdaq Composite shrugs off correction fears, breadth joins the rebound, and is still on its side
And in July, Momentum MTUM.K reverses, but retains its lead, as retail investors stay committed
U.S. 10-year Treasury yield US10YT=RR sinks to around 4.65% as jobs report dashes rate hike bets US/
Vast majority of sectors elevate: Technology and Materials boom, while Utilities and Energy wane
Sector and stock moves
Tech .SPLRCT powers up 7.2%. Photonics firms Coherent COHR.N and Lumentum LITE.O surge after report U.S. drafting ban on Chinese data center devices. COHR and LITE notch weekly gains of 44% and 25%, respectively
Palantir PLTR.O soars after lifting annual rev outlook on strong AI-powered data analytics demand
Semiconductor index .SOX bounces >9%
Materials .SPLRCM strengthen 5.6%. Gold miners including Newmont NEM.N shine as gold XAU= heads for best week since January
Industrials .SPLRCI firm 3%. Caterpillar CAT.N accelerates after boosting 2026 sales growth forecast on AI data center buildout
Communication Services .SPLRCL up 1.3%. Disney DIS.N climbs after upbeat qtrly profit, driven by "Toy Story 5" box office performance and theme parks
Google parent Alphabet GOOGL.O falls after it shakes up AI leadership
Energy .SPNY fades 3.3%. Group tracks decline in crude prices as traders weigh potential Hormuz deal between Iran and Gulf states O/R
Meanwhile, SpaceX SPCX.O initially slips as investors balk at AI expansion price tag, but then snaps back as earnings, lockup expiry clear near-term hurdles
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