Wall Street set 2 new records during the half-session of Black Friday: the Dow Jones and the S&P set a new double of absolute intraday/closing highs.
For the S&P500 (+0.56% to 6,036), it's the 53rd of the year 2024: the index pulverizes the previous absolute 'high' (6,025 on 26/11) by a significant margin of +20Pts (6.044).
The broad index has now posted +26.5% since January 1 and +46.5% in a straight line since 10/27/2023, and at the current pace is heading for the 1st full year at +30% since 1997 (after +29.6% in 2013, 28.9% in 2019 and 26.9% in 2021).
The Dow Jones is also doing the double, with 45,070 in session and 44,910 at the close, compared with 44,860 on 26/11.
The Nasdaq is up +0.8% at 19.250Pts, coming within 0.8% of its all-time high, supported by the semiconductor sector and Nvidia (the Soxx index and Nvidia posted +2.35% respectively).
The week ended with an average rise of +1% for US indices, the 3rd in a series of 4.

Wall Street remains stainlessly confident in the success of Black Friday, the day after Thanksgiving: expectations of higher consumer spending are not fuelling inflationary fears for the time being.
U.S. companies are rushing to place orders in China before tariffs are raised: December could see a sharp rise in import prices.
This does not penalize T-Bonds, which are easing by -5pts to 4.207%, or -20.5pts hebdo... and this is certainly helping Wall Street this week.

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