RPT-BUZZ-US stocks weekly: Ricochet
Apollo Global Management Inc APO | 120.35 | +4.82% |
Ares Management Corporation ARES | 119.39 | +6.03% |
Trump Media & Technology Group Corp. DJT | 10.09 | +1.42% |
Norwegian Cruise Line Holdings Ltd. NCLH | 21.18 | +0.45% |
Blackstone Inc. BX | 130.84 | +3.57% |
Repeats from Friday with no changes. Updates graphic
** S&P 500 .SPX snaps two-week losing streak, rallies 1.1% amid a wave of economic data .N
** Dow .DJI inches up 0.3%, while Nasdaq Composite .IXIC bounces 1.5% after five straight weeks of declines
** Mega-caps have been stumbling so far this year, while the equal-weighted S&P 500 has been rumbling; though Mag 7 MAGS.Z stocks and SPX suddenly outperform for the week
** This as S&P 500's 100-DMA, once again, stems the decline
** U.S. 10-Year Treasury yield US10YT=RR finishes up around 4.09% for its first advance in three weeks US/
** Most sectors carom: Communication Services leads rebound, while Consumer Staples regress
** Communication Services .SPLRCL surges 2.3%. Ad giant Omnicom OMC.N soars 21% on qtrly rev beat on boost from IPG acquisition, new clients
** Consumer Discretionary .SPLRCD up 1.7%. Norwegian Cruise Line NCLH.N accelerates as activist Elliott builds over 10% stake and pushes for changes
Retailers including Amazon.com AMZN.O jump on Fri after Supreme Court rules against Trump's global tariffs; however, some surrender gains by session's end
In contrast, Genuine Parts GPC.N tumbles as downbeat annual profit outlook overshadows news of plans to split into two companies. GPC suffers 20% weekly loss
** Industrials .SPLRCI gain 1.7%. Though airline shares take a dive on Thurs as oil prices climb on US-Iran fears. ARCA Airlines Index .XAL loses ~1%
** Financials .SPSY firm 1.5%. But private equity firms Blackstone BX.N, Apollo APO.N and Ares ARES.N fall after Blue Owl Capital OWL.N permanently halts redemptions from a retail-focused private credit fund
For the week, S&P 500 banks index .SPXBK up >2%, KBW regional banking index .KRX adds 0.7%
** Tech .SPLRCT pops 1.5%. Nvidia NVDA.O rises after multi-year AI chip deal with Meta Platforms META.O
Semiconductor index .SOX up 1.5%
** Energy .SPNY up 0.5%. Oil companies rise as Russia-Ukraine talks end abruptly, and oil prices rise as Trump puts time limit on Iran stand-off O/R
Energy sector running hot, maybe too hot?
** Consumer Staples .SPLRCS sag 2.3%. Walmart WMT.O shares fluctuate, then finish down on Thurs after softer-than-expected annual forecast. WMT retreats 8% on the week
General Mills GIS.N falls after Cheerios maker cuts annual sales and profit forecasts
** Meanwhile, individual investor neutral sentiment snaps back
** SPX performance YTD:

