Wall Street remained virtually unchanged after a strong week with gains of +2 to +2.5%: the Dow Jones posted a limited loss of -0.4% to 39,313, the S&P500 -0.3% to 5,218, and the Nasdaq-100.

The Nasdaq Composite fell by just -0.25% to 16,384: the 3 main indices had started the week on very comparable declines, with a few buyers halving the losses by mid-session, before heaviness took over again.
A few stocks weighed on the trend, such as Illumina -2.3%, Cadence -2%, Intel -1.7%, Qualcomm, KLA and On-Semiconductor with -1.5%, Microsoft -1.4%.

This was not offset by Micron, which gained +6.3%, or Adobe +1.5%, Tesla +1.1%, Nvidia +0.8% (new closing record at $950, for a capitalization of $2.375 billion).
Boeing recovered +1.4% with the confirmation of the departure of the CEO and several top executives: a reaction that can be described as "moderate".

The macroeconomic agenda was particularly barren on Monday, apart from the publication of new home sales: they fell imperceptibly, by -0.3% in February compared with the previous month, to 662.000 units at an annualized rate, according to the Commerce Department, following a 1.7% rise in January.

The median house price was $400,500, and the average price was $485.000: the rise in interest rates still has no impact on prices, which remain close to all-time highs, making real estate unaffordable for 80% of the population.
Even the wealthiest who have no need to borrow (at over 6.80% for the best profiles) can't go bargain-hunting.
The stock of new homes for sale stood at 463,000 at the end of February, i.e. a reserve of around 8.4 months at the rate of sales at the time.

On the bond front, the start of the week is marked by consolidation, with T-Bonds up 4pts at 4.258%, and the 30-year up 3pts at 4.4220%.
Oil stands out this evening, up over 1.7% to $82 on the NYMEX, retesting the recent Intraday high of $82.5.

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