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** S&P 500 finishes week up 1.5%. SPX and the Nasdaq

scale new heights as Powell's remarks at virtual Jackson Hole summit sooth taper fears

** That said, the Dow Industrials Average lifts, but is unable to join the new highs' party

** Most sectors climb: Energy and financials soar, while defensive plays lose footing

** Energy surges 7.3%. Group elevates as Storm Ida approaches Gulf of Mexico

** Financials jump 3.5%. Major banks gain ahead of highly anticipated Powell speech and as Treasury yields lift . S&P 500 Banks index leaps 5%

** Industrials up 2.2%. Airline stocks ascend after Pfizer's vaccine gets full approval . NYSE Arca Airline index rallies 10%

** Tech up 1.4%. Microchip Tech gains after chipmaker announces 2-for-1 stock split to help attract retail investors . Salesforce.com rises on strong Q2 results, upbeat forecast . Philly chip index advances 5.5%

** Consumer Staples slip 1.4%. Worst sector performer J M Smucker , falls ~6%, as cost inflation, volatile supply chains hit annual profit forecast

** Meanwhile, investors wait for the whites of inflation's eyes

** SPX performance YTD:

(Lance Tupper and Terence Gabriel are Reuters market analysts. The views expressed are their own)

((lance.tupper.tr.com@reuters.net lance.tupper@tr.com terence.gabriel.tr.com@reuters.net terence.gabriel@tr.com))