No 3rd session of 'double records' for the US indices as a whole... but a small consolation with the Nasdaq (Composite and Nasdaq-100) beating their respective all-time closing records (but no new intraday record).

The week ended with a slight downturn that barely eroded the weekly gains: the Dow Jones index gave up 0.77% to 39,476Pts but gained +2% over the week.476Pts but gained +2% over the week, while the S&P-500 shed 0.15% but finished on a high of +2.3% after 2 weeks of horizontal consolidation.

The Nasdaq Composite improved its previous record by 0.16% (to 16.429Pts) and has soared +2.85% since the Friday of the '4 Witches', which already appeared to be a decisive bullish step.
The Nasdaq-100 (+0.1% to 38,339) and 2 stocks made the difference: Nvidia +3.1% and Alphabet +2.2%.
The rise was held back by Adobe -2.3%, Paypal -2.1%, On Semiconductor -1.5%.

The S&P500 was weighed down by Lululemon -15.8%, but also by the real estate/real estate sector, with Boston Property -4.3%, Kimco -3.2%, Simon Property -2.5%, Fidelity and Comerica -2.4%, Zions -2.3%, Goldman Sachs -1.6%, Wells Fargo -1.3%.

The temptation to take profits on US indices is great in the face of the current high valuations, which could encourage operators to take some gains on current levels while awaiting new catalysts.
The latest was the FED's press conference on Wednesday... and a difference in interpretation of Powell's remarks seems evident by superimposing the trajectory of the T-Bonds and then that of the S&P500 and Nasdaq (the
'30 years' was still above its March 15 levels on Thursday evening, before easing by -4.5Pts to 4.400%).

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