US stocks weekly: Hazy

Pultegroup

08/09/2025 11:00

Repeats from Friday with no changes to text. Updates chart

** S&P 500 .SPX finishes up 0.3% as economic slowdown worries cloud rate-cut optimism .N

** Dow .DJI loses 0.3%, yet the Nasdaq Composite .IXIC adds 1.1%

** U.S. 10-Year Treasury yield US10YT=RR sags to around 4.09%, lowest since Apr, for 3rd consecutive week of declines US/

** In the end, just a minority of sectors shine: Communication Services and Consumer Discretionary most bright, while Financials and Energy in a fog

** Communication Services .SPLRCL rally 5.1%. Alphabet GOOGL.O vaults to record high as Google empire dodges antitrust breakup demand, and tech sector component Apple AAPL.O rises on the news

** Consumer Discretionary .SPLRCD gains 1.6%. Tesla TSLA.O accelerates on record $1 trillion performance-linked pay package for CEO Musk

U.S. homebuilders including D.R. Horton DHI.N, Lennar LEN.N and Pultegroup PHM.N climb as yields tumble after weak jobs report

In contrast, Lululemon LULU.O sinks 17% on the week as profit outlook tightens again, hurt by weak U.S. business and tariff costs

** Consumer Staples .SPLRCS up 0.3%. However, Kraft Heinz KHC.O drops after announcing split into two companies, dismantling the merger which was backed by Berkshire Hathaway BRKa.N and 3G Capital

And Corona beer maker Constellation Brands STZ.N spills after slashing annual forecast due to soft demand

On Fri, Kenvue KVUE.N plunges after report RFK Jr. plans to link Tylenol use during pregnancy to autism

** Tech .SPLRCT ticks up 0.2%. Broadcom AVGO.O jumps after disclosing $10 bln AI chip deal, reportedly with OpenAI. AVGO notches 13% weekly gain

Semiconductor index .SOX up 1.6%

But Salesforce CRM.N slides after weak qtrly rev forecast signals delayed AI returns

** Financials .SPSY fade 1.7%. Big banks fall on Fri as labor market cracks widen

For the week, S&P 500 banks index .SPXBK down 2%, KBW regional banking index .KRX up fractionally

** Energy .SPNY sheds 3.5%. Group drops as crude prices decline on higher supply concerns, surprise increase in inventories O/R

** Meanwhile, Pessimism is rising among individual investors: AAII survey

** SPX performance YTD:

SP 500 2025 YTD THROUGH SEPT 5 https://fingfx.thomsonreuters.com/gfx/buzz/akvexyxmkpr/SP%20500%202025%20YTD%20through%20Sept%205.jpg

(Lance Tupper is a Reuters market analysts. The views expressed are his own)

((lance.tupper@tr.com))