The NASDAQ and S&P 500 rallied overnight up 1.53% and 0.93%. S&P 500 logged its fourth consecutive weekly gain on Friday and entered a new bull market.  The Dow closed near session highs, up 190 points (+0.56%). Dow at best up 201 points. US treasury yields and the dollar flat ahead of inflation data and interest rate decisions later in the week. Oil stumbles closing at its lowest level since December 2021 on demand concerns and rising global supplies. Tesla rose 2.2% rising for 12 consecutive trading sessions, a record for the electric car maker. Apple and Microsoft rose ~1.5%, with YTD gains reaching 41.45% and 38.37%, respectively. Oracle hit a record high after JPMorgan hiked its price target, closing up 5.9%.  Oracle is up 6.58% in extended trade after the company exceeded Q4 revenue estimates with revenue growth of 17% to US$13.84bn.

Aussie market to open higher, SPI futures up 25 points (+0.35%). European markets up across the board, STOXX 50 +0.6%, FTSE +0.1%, CAC, +0.5%, and DAX +0.9%. VIX up 8.53%, its highest level in a week.

• Target rate probabilities for upcoming FOMC meeting according to money markets: 79.1% HOLD up from 70.1% one day again.
• Philadelphia Semiconductor Index is up 3.3%, bringing its recovery to ~44% in 2023.
• Broadcom jumped 6.3% after reports the chipmaker was set to gain conditional EU antitrust approval for its $61bn proposed acquisition of VMware.
• MSCI’s gauge of global stocks gained 0.66%, hitting its highest level since April 2022.
• US FTC Seeks to Block Microsoft's Acquisition of Activision.
• Nasdaq to Acquire Adenza for $10.5bn.
• Bond Investors Cautious Ahead of Fed Policy Decision.
• Trump Arrives in Florida to Face Charges, Maintains Lead in Poll.
• US House Republicans at Odds Over Government Spending.
• Global Stocks Gain, S&P 500 and Nasdaq Reach Highest Levels in Over a Year.
• Biden Administration diplomacy Slows China's Military Expansion.
• Ukraine Recaptures Villages from Russian Forces in Counteroffensive.
• UBS Completes Takeover of Credit Suisse, Forms Wealth Management Behemoth.
• Electric Vehicle Charging Companies Consider Tesla Standard.

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