BUZZ-U.S. stocks weekly: Earn your keep
** S&P 500 advances nearly 1.7%, hits record high, on upbeat earnings and hopes the Fed will cut interest rates ** That said, the SPX has a line to respect, while its engine may be sputtering ** And the DJI may be at a tripwire, just as the Nasdaq shows dissipating energy ** Nearly all sectors increase in value: Comm svcs, financials and tech prove most worthy, while only energy and utilities are difficult ** Communication Services leap 4.6%. Alphabet rallies as ad sales, buyback put co back on track and Twitter surges on Q2 revenue beat. Though Facebook gyrates on its Q2 results and $5 bln fine to resolve government probe into privacy practices ** Tech advances 2.4%. Texas Instruments, Teradyne power chip index to record high. Intel adds to mix with Q3 forecast, FY rev outlook raise. SOX up 4.6% ** Industrials rise 1.4%. UPS, best SPX stock on the week, up ~17% on results beat as demand for next day delivery service surges. Though Boeing descends after posting biggest ever loss on 737 MAX, may have to half production of jet, and Caterpillar dips as China worries add to gloomy forecast. Charts test sector's industriousness ** Materials gain 1%. However, gold and gold miners may be about to step back in the shadows . Gold/Silver index down 1.1% ** Consumer Discretionary up 0.9%. Robust growth delivers hot qtr for Starbucks, though Amazon.com falls on Q2 profit miss ** Meanwhile, after briefly turning negative, Q2 earnings growth for SPX cos is expected to be positive again ** SPX sector performance YTD through Thurs:
