U.S. stocks weekly: Treats trounce tricks

Arch Capital

31/10/2022 10:00

(Repeats from Friday, no changes to text. Updates chart)
    ** S&P 500  .SPX  rises for 2nd straight week, adds 4%  .N 
    ** Indeed, the SPX started the week corralled by some
formidable fence posts  urn:newsml:reuters.com:*:nL1N31Q0U6, while the Nasdaq  .IXIC 
was lassoed  urn:newsml:reuters.com:*:nL1N31S0TU, but in the end all the major indexes
post weekly gains; Nasdaq up 2.2%, DJI  .DJI  rallies 5.7%
    ** Still, if you live by the FANG  .NYFANG , you can die by
the FANG  urn:newsml:reuters.com:*:nL1N31T0T0
    ** However, of note, small-cap tech has been showing up
bigger brother  urn:newsml:reuters.com:*:nL1N31R0SC
    ** Nearly all sectors get on their brooms and fly;
Industrials have most spirit, while just communication services
is boo bitten
    ** Industrials  .SPLRCI  ascend 6.7%. Caterpillar  CAT.N 
rises as profit beats on strong equipment demand  urn:newsml:reuters.com:*:nL4N31S33S.
CAT up 15%
    ** Consumer Staples  .SPLRCS  vaults 6.1%. Hershey  HSY.N 
tastes new record as Halloween looms  urn:newsml:reuters.com:*:nL1N31T2PV
    ** Healthcare  .SPXHC  elevates 5%. Universal Health
Services  UHS.N  jumps after "better-than-feared" Q3
 urn:newsml:reuters.com:*:nL4N31R2I9. UHS leaps 30%
    ** Tech  .SPLRCT  advances 4.3%. Apple  AAPL.O  rises on
upbeat fiscal fourth quarter  urn:newsml:reuters.com:*:nL4N31T46X. Intel  INTC.O  jumps
on cost reductions, PC segment growth  urn:newsml:reuters.com:*:nL4N31T48C. But
Microsoft  MSFT.O  falls as forecast disappoints  urn:newsml:reuters.com:*:nL4N31R112
    ** Energy  .SPNY  gains 2.8%. Exxon Mobil  XOM.N  climbs on
record-breaking quarterly profit  urn:newsml:reuters.com:*:nL4N31T2VF, and Chevron
 CVX.N  jumps on posting second-highest ever quarterly profit
 urn:newsml:reuters.com:*:nL4N31T2Q8
    ** Consumer Discretionary  .SPLRCD  edges up 0.7%. Though
Amazon  AMZN.O  tumbles on a haunting holiday-quarter forecast
 urn:newsml:reuters.com:*:nL1N31S30W. AMZN loses 13% for the week
    ** Communication Services  .SPLRCL  slumps 2.9%.
Facebook-parent Meta Platforms  META.O  plunges on dour
forecast, rising costs  urn:newsml:reuters.com:*:nL4N31S41Q. META sheds 24%.
Google-parent Alphabet Inc  GOOGL.O  drops as ad spending
pullback hurts Q3 revenue  urn:newsml:reuters.com:*:nL4N31R3DI. Though T-Mobile  TMUS.O 
up on raising annual forecast for wireless subscriber additions
 urn:newsml:reuters.com:*:nL4N31T3BX
    ** Meanwhile, Intel's Mobileye  MBLY.O  surges after
highly-awaited return to public markets  urn:newsml:reuters.com:*:nL1N31R2LD, and Arch
Capital  ACGL.O  leaps nearly 20% as set to replace Twitter in
S&P 500  urn:newsml:reuters.com:*:nL1N31T0VD. Also, a less scary Halloween this year?
 urn:newsml:reuters.com:*:nL1N31T24I
    ** SPX performance YTD:    
    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
SP 500 2022 YTD THROUGH OCT 28    https://tmsnrt.rs/3SOkcTN
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 (Lance Tupper and Terence Gabriel are Reuters market analysts.
The views expressed are their own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com
terence.gabriel.tr.com@reuters.net
terence.gabriel@tr.com))