Wall Street: record race continues after 3 bullish months
The Dow Jones index gained 0.36% to finish just above the 38,000-point mark (at 38,002 points).000 mark (at 38,002 points).
The Nasdaq gained 0.32% to 15,360 and the S&P 500 (+0.22%) set a second all-time high at 4,850 points (0.35% of its intraday high of 4,868Pts).868Pts).
The Nasdaq-100 (+0.1% to 17,330) saw its advance slowed by Gilead's -10% and profit-taking on AMD (-3.5%) and Paypal (-3.2% after +12% in 3 sessions).
Confidence is at its zenith 72 hours ahead of the publication of fourth-quarter GDP (+2% expected) and the PCE index of annualized inflation for the second quarter (also published this Thursday).
In addition, Wall Street seems to be riding the wave of corporate results, with Johnson & Johnson, General Electric, Procter & Gamble, Lockeed Martin and Netflix all due to report this Tuesday.
On the bond front, yields on US Treasuries are easing a little: the US 10-year is down -5pts at 4.0950%.
Inflation expectations could be rekindled, with WTI up +1.6% at $74.6 a barrel on the NYMEX.
Easing interest rates and rising oil prices are not benefiting gold (-0.3% to $2024) or silver, which is down -2.2% to $22.
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