After three consecutive months of gains, the February trading term got off to the best possible start on Wall Street, with a new shower of absolute records benefiting all indices (with a third record for the Nasdaq-100).

The Dow Jones index gained 0.36% and finished just above the 38,000 mark (at 38,002).000 mark (at 38,002).

The Nasdaq Composite gained 0.32% to 15,360 and the S&P 500 (+0.22%) set a second all-time high at 4,850 (0.35% of its intraday high of 4,868).

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 three sessions).

Confidence is at its zenith 72 hours ahead of the publication of US fourth-quarter GDP (+2% expected), which will be followed by the PCE annualized inflation index for December on Friday.

In addition, Wall Street seems to be riding the wave of corporate results, with Johnson & Johnson, GE, Procter & Gamble, Lockheed 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 -5 basis points at 4.0950%.

Inflation expectations could be rekindled, with WTI up 1.6% at $74.6 a barrel on the NYMEX.

Finally, the easing of interest rates and the rise in oil prices are not benefiting gold (-0.3% to $2024), nor silver, which is down -2.2% to $22.

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