US equity markets continued to climb, with the Dow Jones Industrial Average trading above 30,000 for the first time - Dow rallied +455-points or +1.54% to 30,046.24, carving out both fresh record closing and intra-day (30,116.51) highs. Chevron Corp (up +5.04%), JPMorgan Chase & Co (+4.62%) and American Express Co (+3.70%) were the leading index constituents. The Dow now sits +13.38% higher in November and is on track for its biggest monthly gain since 1987. It took the Dow 218 trading days to traverse 1,000 points since closing above 29,000 for the first time on 15 January. Since hitting 29,000, Apple Inc has been the largest contributor to the Dow’s rally, alone adding 1,263 points to the index over the past 10 months - more than twice any other component. Apple’s undertook a 4-for1 stock split at the end of August, shifting it from the most influential component on a price basis in the price-weighted Dow index to the middle of the pack. The broader S&P500 +1.62% to a record closing high of 3,635.41, with Energy (up +5.16%) once again the leading primary sector performer. Real Estate (down -0.03%) was the only primary sector to settle in the red. The technology-centric Nasdaq gained +1.31%. Tesla Inc rallied to +6.43%, lifting the electric vehicle maker’s market capitalisation above >US$500B for the first time. Tesla’s rally this week has also lifted Elon Musk above Microsoft Corp billionaire Bill Gates as the world’s second richest person, according to the Bloomberg Billionaire Index, which tracks the wealth of the world’s 500 richest people. The S&P500 and Nasdaq are +11.18% and +10.31% higher respectively in November and on course for their best monthly gains since April. The small capitalisation Russell 2000 index logged its second record closing high in-a-row, up +1.93% at 1,853.46.