US equity markets built on the modest gains of last Friday’s (9 June) quiet session as investors turn their attention to this week’s May US inflation data and some key central bank monetary policy decisions (including from the Federal Reserve, European Central Bank and Bank of Japan) - Dow gained +189-points or +0.56%, extending gains into a fifth consecutive session. It marks the longest stretch of gains for the 30-stock index since the six-day trading period that ended 27 January. The broader S&P500 rose +0.93% to 4,338.93, the highest close since 21 April, 2022. Information Technology sat atop the primary sector leaderboard for a second consecutive session with a +2.07% gain, leading eight of the eleven primary sectors higher. Energy (down -0.97%) was the worst performing primary sector. Tesla Inc rallied +2.22% to US$244.40, extending gains into a record 12th consecutive session and recording its highest close since 30 September, 2022. The Nasdaq rallied +1.53% 13,461.92, the technology centric index’s highest close since 19 April, 2022. Apple Inc gained +1.56% to US$183.79, extending its rally into a third straight session and logging a fresh record closing high a week after the company’s Worldwide Developer Conference. Apple is up +41.45% year-to-date. Netflix Inc gained +0.94% after data analytics company Antenna late last week reported that the streaming company’s password-sharing crackdown already appears to be working in the US. Netflix saw a huge spike in subscribers (up +73K, or a +102% over the previous 60-day average) in the four days after it notified users about its paid sharing policies on 23 May, and also added +100K subscribers on both 26 May and 27 May. That’s more subscribers than Netflix raked in once the COVID-related lockdowns went into effect in March and April 2020, according to Antenna. The small capitalisation Russell 2000 added +0.40%.