U.S. indices are piling up records this Thursday and heading resolutely for a 19th week of gains: the longest bull cycle in history without a weekly correction of -2% seems unstoppable.

Wall Street, which had started the session with a clear advance, maintained its gains close to the optimum until the close... the suspense lasted right up to the last minute for the Nasdaq Comp and Nasdaq-100, which could also achieve the session/close double.

The S&P500, which climbed +1.05%, brilliantly achieved the intraday record double (5.160) and closing record (5,157).

The Nasdaq fell just 2 points short of its closing record, gaining +1.5% to 16,273... but mission accomplished for the intraday record, as the 'Composite' peaked during the session at 16,309.

The Nasdaq was once again dragged to new heights by Nvidia, which set a new all-time closing record: +4.5% at $927.5 for a market capitalization of $2,300 billion.
This is very close to Apple - stable on Thursday - which could lose its second place by the "4 Witches": Apple generates $100 billion in sales per quarter, Nvidia $20 billion... if all goes as hoped.

Intraday absolute record also for the Nasdaq-100 (at 18.338), which ended for the second time in history in contact with the 18,300 mark (+1.55%) in the wake of the semiconductor sector, which was once again 'incandescent': the 'SOXX' soared +3.5% to 237.75 thanks to NXP +3.5%, Micron +3.6%, Qualcomm +4.7%, Microchip +6.3%, ON.Semi +6.9%.

Marvell and Mongo DB, the latest quarterly results, plunged -12% after the close... Marvell, which 'beat the consensus', was nevertheless punished after +40% since January 1 ($3 billion share buyback plan), while MongoDB's 'forecasts' came in below expectations.
Good surprise, however, for Docusign, which jumped symmetrically by +15% in the 'after hour'.
The Dow Jones, excluding 'thematic A.I' theme, continued to underperform with +0.35% (a few rises made up the difference with Microsoft +1.8%, Amazon +1.9%, AMEX +2.3%, Intel +3.7%).
There were also several 'macro' figures: the US trade deficit widened to $67.4 billion in January, from the previous month's $64.2 billion (which was revised from an initial estimate of $62.2 billion), according to the Commerce Department.

This 5.1% month-on-month increase in the deficit reflects a 1.1% rise in US imports of goods and services, to $324.6 billion, while exports were almost stagnant (+0.1%) at $257.2 billion.
US productivity was revised 'unchanged' at 3.2%, and weekly jobless claims were also virtually unchanged last week.

On the foreign exchange market, the dollar ended down 0.5%, with the $-Index falling to 102.85, its lowest level since January 16.

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