Wall Street extended its rally, with the S&P500 and Nasdaq booking fresh record intra-day and closing highs for a second consecutive session amid fresh gains for technology stocks – Dow rallied +370-points or +0.75%, climbing back above >50,000 for the first time since 11 February and settling just shy of its all-time closing high reached on 10 February (50,115.67). Cisco Systems Inc jumped +13.41% to be the leading performer in the 30-stock index after the networking giant reported better-than-expected adjusted earnings per share (EPS) and revenue for the fiscal third quarter after the close of the previous session and provided upbeat guidance for the current quarter. Nvidia Corp rallied +4.39% to a fresh record closing high of US$235.74 after Reuters reported that the U.S. has cleared about 10 Chinese firms to purchase Nvidia’s H200 chip, though no deliveries have been made yet. Nvidia Chief Executive Officer (CEO) Jensen Huang is among US corporate executives attending a summit in China with President Trump. Boeing Co after President Trump told Fox News that China has agreed to buy 200 Boeing jets, disappointing analysts who were expecting up a larger order.

The S&P500 and Nasdaq scaled fresh record intra-day and closing highs as chip stocks powered higher and overshadowed hotter-than-expected wholesale inflation figures – Dow slipped -67-points or -0.14%, with Salesforce Inc (down -3.19%) the worst performer in the 30-stock index for a second straight session. Home Depot Inc (down -2.55%) and International Business Machines (IBM) Corp (-2.09%) fell over >2%. Apple Inc (up +1.38% to US$298.87) touched US$300 for the first time, hitting a record intra-day high of US$300.92. Walmart Inc rose +0.86% after The Wall Street Journal reported, citing people familiar with the situation, that the retail giant - the largest private employer in the U.S. - "would cut or relocate about 1,000 corporate workers as it looks to combine more of its global-technology and product teams." A source familiar with the matter confirmed the figure was accurate.

US equity markets retreated as hotter-than-expected inflation figures punctured a rally in chip stocks – Dow added +56-points or +0.11%. UnitedHealth Group Inc (up +3.11%) the leading component in the 30-stock index. Apple Inc +0.72% Salesforce Inc fell -3.48%, while Caterpillar Inc (down -1.58%) and International Business Machines (IBM) Corp (-1.94%) both fell over >1.5%.

• Technology stocks again lifted the S&P500 and Nasdaq to back-to-back intraday and closing peaks despite oil prices advancing and ahead of inflation figures tonight AEST – Dow rose +95-points or +0.19%. Caterpillar Inc (up +3.27%) was the leading performer in the 30-stock index, while Honeywell International Inc (+2.81%) and Cisco Systems Inc +2.23%) gained over >2%. Nvidia Corp rose +1.97% to a fresh record closing high US$219.44, extending its 4-day rally to +11.26% that has seen the chip giant add ~US$591B in market capitalisation – more than the total market capitalisation of Oracle Corp (down -1.08%). Nike Inc (down -3.96%) and Walt Disney Co (-3.05%) dropped over >3%.

• The S&P500 and Nasdaq booked fresh record intra-day and closing highs to cap another strong week as chip stocks soared and investors digested stronger-than-expected jobs data – Dow inched +12-points or +0.02% higher. Salesforce Inc -2.43% Nvidia Corp +1.75% following news after the close of the previous session of a strategic partnership with data centre operator IREN Ltd (+7.65%) to accelerate the deployment of large-scale AI infrastructure, including a potential investment of up to US$2.1B in IREN. "AI factories are becoming foundational infrastructure for the global economy," said Nvidia founder and Chief Executive Officer (CEO) Jensen Huang.

US equity markets retreated, with the recent rally that has lifted the S&P500 and Nasdaq to record highs faltering amid uncertainty about talks between the US and Iran, and whether a formal peace accord will be reached anytime soon – Dow fell -314-points or -0.63%. Caterpillar Inc (down -3.37%) and JPMorgan Chase & Co (-2.74%) were the weakest Dow components. Salesforce Inc (up +2.84%) and International Business Machines (IBM) Corp (+2.47%) rallied over >2%, while Microsoft Corp +1.65% and Nvidia Corp +1.77% gained over >1.5%. Walt Disney Co added +0.56% a day after after posting a better-than-expected first quarter result, underpinned by a strong performance from the company’s streaming and theme park businesses.

The S&P500 and Nasdaq booked fresh record intra-day and closing highs for a second consecutive session following reports that the U.S. and Iran were getting close to a deal that would bring a resolution to the conflict – Dow rallied +612-points or +1.24%, with 10 of the index’s 30 component recording gains of over >2%.

• The S&P500 and Nasdaq booked fresh record intra-day and closing highs amid a fresh rally for technology stocks and as oil prices retreated – Dow rose +356-points or +0.73%. Caterpillar Inc (+3.41%) was the leading performer in the 30-stock index and touched a record high along with Amazon.com Inc (up +0.55%).

The S&P500 and Nasdaq retreated from record highs as oil prices soared after the United Arab Emirates said it had successfully intercepted Iranian missiles – Dow fell -557-points or -1.13%, with Home Depot Inc down -3.54%, while Boeing Co (-2.67%), Nike Inc (-2.95%) and Procter & Gamble Co (-2.61%) fell over >2.5%.

The S&P500 and Nasdaq ushered in May with fresh record intra-day and closing highs – Dow eased -153-points or -0.31%, with Amgen Inc down -4.75% a day after the biotechnology stock posted stronger-than-expected adjusted earnings per share (EPS) and revenue for the first quarter. 3M Co (-2.74%) McDonald’s Corp (-2.37%) fell over >2%. Salesforce Inc rallied +4.13% to be the leading performer in the 30-stock index on Friday (1 May). Apple Inc +3.24% after the technology giant’s first quarter result released after the close of the previous session topped Wall Street forecasts, thanks in part to strong sales of its iPhone 17.