Wall Street is off to a good start this week, with record after record.
The Nasdaq Composite has set its 5th consecutive record (its 25th annual Nasdaq record at 18.417 at high then +0.28% and 18,403 at close) and a 35th for the S&P500 (at 5,583 and 5,572 at close).
The Dow Jones grabs 0.1% after gaining more than +0.6% to 39,600 (but still no retest of the 40.000, still 1% short).

Stainless optimism seems to have been well established over the past week, ahead of new inflation indicators and the kick-off of quarterly earnings on Thursday.

The Nasdaq was propelled to new heights by the inevitable 'titans' of the S&P and semiconductors: Qualcomm (+1%), Nvidia (+1.9%), Broadcom (+2.50%), AMD (+4%), then Intel (+6.15%).

It should be noted that the very exclusive circle of $1,000 billion global "capis" was enlarged on Monday by the Taiwanese giant TSMC (+1.4%).

Tuesday's session will be dominated by the Congressional hearing of Jerome Powell, Chairman of the US Federal Reserve: he could confirm the prospect of a rate cut after the summer, should inflation continue to move in the right direction.

Thursday will see the release of the last consumer price figures before the Fed's next strategy meeting, scheduled for July 31, which should confirm the recent slowdown in inflation.

Finally, the second-quarter earnings season kicks off on Thursday with PepsiCo and Delta Air Lines, followed by JPMorgan Chase, Wells Fargo and Citigroup on Friday.

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