Stock Market Shows Resilience with Weekly Gains

The S&P 500 closed slightly higher, marking its third straight week of gains. The tech sector is now trading at a 25% premium, according to Barclays. Long-only funds added exposure to Asia and reduced exposure to Europe. Oil prices bounced back after a recent selloff. The mention of inflation during earnings calls has hit a two-year low. Five new stocks in the S&P 500 hit all-time highs. Investors are advised not to sell a quiet market. Gap, Tenet Healthcare, and Ross Stores saw significant stock movements. Real estate leads the weekly sector gains. A record amount of options is set to expire, potentially injecting volatility into the market. Treasury yields touched two-month lows. Housing starts and building permits exceeded expectations. Citigroup survey shows an increase in holiday spending. European markets opened slightly higher. Xpeng expects to breakeven by 2025. Oil prices remain little changed, set for a fourth week of declines. Alibaba shares plunged after scrapping cloud spinoff plans. The SPDR S&P Retail ETF suffered its worst day since May. Goldman Sachs identifies transportation stocks to watch. UBS predicts emerging market equities will deliver the highest returns in the next decade. Stock futures opened little changed.