And 40 for the S&P500... but it gets even more spectacular!

The broad index (+0.6% to 5,566) sets its 40th annual record (i.e. 1 record almost every 3 sessions since January 1) and the Dow Jones literally shatters its previous zenith of 40.250 (dating from the previous day): it soared +1.85% to 40,954 after peaking shortly before the close at 40,988.
But the "fact of the day" was the explosive rise of the Russell-2000, which posted its biggest gain of the year with +3.6% to 2.266 (4th annual record in a row), gaining +11.5% in 1 week to reach its highest level since early January 2022, and less than 7% away from its all-time closing record of 2,442 on November 8, 2021.
A sector rotation is well underway, notably to the detriment of the GAFAMs on Tuesday.
No record for the Nasdaq (+0.2%), which tops out at 18.510: after 'technos' and 'A.I.' had long outperformed 'industrials' for 6 months.
'Mature' stocks and 'small caps' are finally getting their revenge, notably banking, healthcare and airlines.
The Dow Jones was boosted by United Health +6.5%, Caterpillar +4.3%, Boeing +3.9%, United Health , AMEX +2.3%.

The banking sector supported the S&P500 with State Street +7.5%, Bank of America +5.4%, PNC Financial +4.7%, Wells Fargo +4.4%, Keycorp +3.2%, etc.
Airlines and booking sites rose strongly, averaging +3%.

The Nasdaq was slowed by the downturn in GAFAMs and numerous heavyweights such as Micron -2.6%, Nvidia -1.6%, Alphabet -1.4%, Meta and AMD -1.3%, Broadcom -1.2%, Microsoft -1%.
A number of fine gains enabled it to close in the green: Illumina +7.4%, Idexx +3.5%, ON Semiconductors, +3.2%, NXP +2.8%, Tesla +1.6%.
US investors discovered the latest US retail sales figures in the afternoon: they were slightly higher than expected.
After rising by 0.3% in May compared with the previous month (revised from an initially announced 0.1% increase), US retail sales remained stable at a sequential rate in June, according to the Commerce Department.... whereas they were expected to decline by -0.2%.

Excluding the automotive sector (vehicles and equipment), which can be volatile, US retail sales rose by 0.4% last month, following a 0.1% increase in May.

Import prices in the USA stagnated in June, with the fall in oil prices (fuel prices were down 1% after having already fallen by 0.4% in May), offset by food prices, which rebounded by 0.7% after a 1.6% decline the previous month.

Excluding oil, prices of imported products rose by 0.2% in June, compared with a 0.3% fall the previous month.
Over the 12 months to the end of June, import prices rose by 1.6%, their biggest gain since December 2022 (+3.2%).
This new data confirms the risk of a slowdown in growth in the second half of the year, which validates the scenario of 2 monetary easings by the Fed between now and the end of the year.

T-Bonds ease exactly -7Pts on '2034', to 4.1590% (equalling near 4-month lows), the '30-yr' erases 8Pts of basis to 4.375% (but the 3-month remains unchanged at 4.85%).
The easing of interest rates propelled gold to $2,465: the ounce (+2%) surpassed its end-of-May records this evening, and recorded its best ever close, by a margin of +40Pts.

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