U.S. stocks weekly: Upswing

** S&P 500 SPX gains for a third straight week, rises 1.9% on renewed rate-cut hopes

** Indeed, Nasdaq Composite IXIC has been revving back up, while the SPX has been building back up

** This, as the benchmark Treasury yield US10Y tries to keep its head above the Cloud

** And the Dow DJI has been streaking back toward 40k; scores 8-straight days of gains, longest win streak since Dec of last year

** Every sector climbs as bond proxies, economically sensitive plays vault

** Utilities S5UTIL surge 4%. NRG Energy NRG soars to record high after posting Q1 profit vs year-earlier loss

** Materials S5MATR leap 2.6%. Chemicals co International Flavors & Fragrances IFF jumps after Q1 results beat

Gold miners, including Newmont Corp NEM, rise as US rate cut optimism lifts bullion's appeal. NYSE ARCA Gold Bugs Index (.HUI) rallies ~5%

** Industrials S5INDU add 2.3%. Emerson Electric EMR gains on 2024 profit forecast boost

** Communication Services S5TELS advance 2%. Though Disney DIS tumbles on shrinking TV business

** Healthcare S5HLTH up 1.9%. Mettler-Toledo Int'l MTD jumps ~21% on medical equipment maker's FY profit forecast raise, Q1 earnings beat

** Tech S5INFT up 1.4%. Arista Networks ANET jumps on strong Q2 rev outlook, buyback plan. But software firm Epam Systems EPAM sheds 24% after downbeat Q2 forecast on "challenging demand environment"

Semiconductor index SOX up ~2%

** Energy SPN rises 1.4%. Though group declines Fri as crude prices drop more than 1%

** Consumer Discretionary S5COND edges up 0.2%. Airbnb ABNB slumps on weak Q2 rev forecast

** Meanwhile, "Sell in May and go Away," not as wise as it used to be?

** SPX performance YTD: