Wall Street ended mostly mixed overnight. The Dow Jones outperformed, advancing 300 points (+0.77%). Up 398 points at best. Down 56 points at worst. The S&P 500 briefly topped 5,500 points for the first time ever. A year-end target multiple brokers have forecasted before losing traction, falling 0.25%. The NASDAQ fell 0.79%, snapping a seven-session streak of record closing highs weighed down by losses in big tech. Nvidia -3.5% and Apple -2.2%. In economics, initial jobless claims came in at 238k, up from 235k expectations, and US housing starts fell 5.5% to an annualised 1.27m in May-24, the lowest level since July-20. Treasury yields rebounded, the 10Y yields rose above 4.27% before finishing at 4.261%. They touched a three-month low earlier in the week. The 2Y yield edged up 2.1bps. Nothing new or material in Fed speak, Fed’s Kashkari said rate outlooks depend on path of data.

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