US stocks weekly: Bond blitz

** S&P 500 .SPX snaps 2-week losing streak, climbs 1.2% in volatile trading amid global bond market turmoil, oscillating US-Iran war talks .N

** Dow .DJI ekes out 0.3% gain, tech-heavy Nasdaq Composite .IXIC rises 2.1%

** Breadth test could hold the key to Nasdaq's next move

** Mega-caps reclaim market leadership as The Magnificent Seven strike back

** U.S. 10-Year Treasury yield vaults to finish around 5.16% as bullish economic data, oil price rise ignite fresh inflation worries US/

Benchmark Treasury yield breaks to new highs, but the move is looking stretched

** A majority of sectors go on the offensive: Technology and Communication Services storm forward, while bond surrogates and Financials scurry for cover

** Tech .SPLRCT pops 3.1%. Advanced Micro AMD.O soars to record, joins $1 trillion club as chip stocks rally

Semiconductor index .SOX charges ahead 6.3%

Akamai Technologies AKAM.O jumps on $11.6 billion Anthropic AI cloud services deal

In contrast, Oracle ORCL.N slides after report co issues 'force majeure' to shield itself on a New Mexico data center project over power delays

** Communication Services .SPLRCL rises 2.1%. Facebook parent Meta Platforms META.O surges as analysts point to its Muse AI agent download momentum

Media giants Paramount Skydance PSKY.O and Warner Bros Discovery WBD.O gain after settling states, union lawsuits, paving the way for merger

** Industrials .SPLRCI up 0.7%. Though HR services firm Paychex PAYX.O falls after quarterly rev miss in key management solutions segment

** Consumer Discretionary .SPLRCD dips 0.5%. McDonald's MCD.N falls as CEO warns customer traffic to remain flat while inflation remains elevated, unveils $8.5 billion franchisee support plan

MGM Resorts MGM.N tumbles after Barry Diller's People PPLI.O withdraws buyout proposal, then casino operator reportedly discussing bid to purchase PPLI

** Financials .SPSY drop 1.6%. Sector clipped as investors assess impact of Meta's AI agent, which rekindles fears over winners and losers from AI-related disruption

For the week, S&P 500 banks index .SPXBK loses 1.7%, KBW regional banking index .KRX fades 1.1%

** Meanwhile, individual investors grow less bearish, but skepticism remains high

** SPX performance YTD: