Type tool - Multiple commands

My impression is that anyone wishing for this functionality in Photoshop is using the wrong application.

You don't say what program you're doing the formatting in, nor what platform you're using, so that makes an answer rather difficult.

Very very few programs support selection of multiple, separate bits of text within the same block of text.

However, a number of programs, such as Adobe InDesign, support character styles. You would want to set up a character style with all the formatting attributes you want to apply, and then you could apply it to the selected words one at a time, and they would automatically pick up the formatting you want.

The styling paintbrush in Microsoft Word can also be used to apply a bunch of different formatting parameters all at once, though again only to one continuous piece of text at a time.

Regards,

T