US stocks weekly: Rate reckoning
SPY•Stocks and Treasuries react to the Fed
** S&P 500 .SPX falls second straight week, though dips just 0.1% as Fed Chair Kevin Warsh takes center stage .N
** Dow .DJI drops 1.7%, while tech-heavy Nasdaq Composite .IXIC lifts 0.7%
** Nasdaq gyrates, survives support test, but upside still capped
** Though recent breadth breakdown leaves Nasdaq bulls on alert after the Dow tested a key line in the sand ahead of Fed decision
** And then the S&P 500 has a bounce, not yet a breakthrough
** US 10-year Treasury yield US10YT=RR finishes around 5.00% after ascending to 19-year high ahead of the Federal Reserve's decision to hike rates US/
** Most sectors succumb to the verdict: Interest-rate-sensitive plays like Utilities and Financials harshly judged, while Tech, Communication Services and Healthcare get a reprieve
Sector moves and notable stock reactions
** Financials .SPSY flop 2.3%. Big banks extend slide after Fed rate hike, Warsh press conference
For the week, S&P 500 banks index .SPXBK drops ~4%, KBW regional banking index .KRX loses >1%
** Industrials .SPLRCI sag 1.5%. J.B. Hunt JBHT.O skids as higher trucking costs prompt CFO's profit warning
A bright spot, Generac GNRC.N surges after $2.4 bln deal to supply backup generators for Amazon AMZN.O data centers
** Tech .SPLRCT adds 1.1%. AI-related stocks including chipmakers Nvidia NVDA.O and Advanced Micro AMD.O fall on Mon after top CEOs urge slower model development amid safety worries. Optical fiber supplier Corning GLW.N biggest sector loser, sheds 10% on week




