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- Technology stocks powered the latest gains on US equity markets, with Nvidia Corp’s second quarter result – Dow added +106-points or +0.20% although just six (6) of the index’s 30 components advanced. Nvidia Corp +8.74% after the chip giant released its second quarter result after the close of the previous session with robust forecasts that illustrated the relentless demand for artificial intelligence (AI) computing, even as it warned that shortages of memory components could curb the pace of the industry's growth. Salesforce Inc soared +22.58% after the client relationship management software provider reported a strong fiscal second quarter result and better-than-expected guidance after the close of the previous session. International Business Machines (IBM) Corporation +3.88% and Microsoft Corp +1.75% . McDoalnd’s Corp, Merck and Disney fell over >2%.
- The broader S&P500 rose +0.72% Information Technology (up +3.40%) was the only primary sector to advance overnight. Consumer Staples (down -1.50%), Health Care (-1.10%) and Consumer Discretionary (-1.02%) all fell over >1%. Moderna Inc -4.60% after unveiling a US$2B convertible bonds sale