((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto)) (Repeats Friday’s text without changes. Update graphic)
November 4 – **The S&P 500 .SPX falls for the second straight week, losing 1.4% as earnings season dominates the headlines.N
** The Dow .DJI is down for the second straight week, while the Nasdaq Composite .IXIC ends a seven-week streak of gains ** Indeed, the S&P 500 index struggles to regain momentum * *The benchmark 10-year US Treasury yield
US10YT=RR climbs in the cloud, and is on track to increase for the eighth consecutive week
** Almost all sectors were surprised: Technology is the most timid, while only consumer discretionary goods and communication services show courage ** The technology sector .SPLRCT plunges 3.3%. Super Micro SMCI.O plunges 45% in the week after EY resigns as accountant for AI server maker Apple AAPL.O falls following modest growth forecast that raises concerns about Microsoft MSFT.O demand falls, forecast slowing growth in Azure cloud business But Intel INTC.O jumps after upbeat fourth-quarter outlook fuels recovery hopes However, chip sector stocks fall after gloomy forecasts from Advanced Micro AMD.O and Qorvo QRVO.O
Semiconductor index .SOX falls 4% ** Energy index .SPNY loses 2.1%. The sector fell on Tuesday after the announcement of talks to end the war in Lebanon. On Friday, Chevron CVX.N advances on higher profit than the third quarter, and Exxon Mobil XOM.N climbs first on higher profit than the previous quarter due to an increase in production, but ends session in the red Crude oil futures CLc1 drilled to support, is it strong? ? ** Industrial stocks .SPLRCI lose 1%. Huntington Ingalls HII.N loses >25% after military shipmaker cuts revenue forecast Boeing BA.N rebounds Tuesday after $24 billion capital raise, and climbs Friday after making an offer improved contract terms for striking workers. BA ends the week slightly lower Although Paycom PAYC.N posts record daily gain after beating 3rd quarter results. PAYC had the best weekly performance on the SPX, up 28% ** Healthcare .SPXHC down 0.6%. Eli Lilly LLY.N falls after weight-loss drug sales miss estimates ** Consumer discretionary .SPLRCD up 0.5%. Amazon.com AMZN.O advances as favorable retail sales boost profits, and cloud business appears on track for growth **Communication Services .SPLRCL rises 1.5%. Alphabet GOOGL.O, Google’s parent company, advances as AI investments drive cloud sales In contrast, Facebook/Instagram owner Meta
META.O, fell after projecting a sharp acceleration in AI costs ** Meanwhile, as the election approaches, markets are focusing on two likely outcomes
**The performance of the SPX since the beginning of the year:
Business
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