Wall Street is a little more hesitant on the eve of the weekend, but the overall bias remains positive: the 3 indices that broke new intraday or closing records are lining up for a 17th week of gains, with only one weekly consolidation at the end of the first week of January.
The S&P500 (+0.03%) set a double intraday/closing record at 5,111 and 5,089Pts respectively, while the Dow Jones (+0.16%) was also up at 39,282 and 39,131.
The Nasdaq-100 settled for its intraday record (18,091), but gave up 0.37% on closing at 17.937, in the wake of Apple -1%, Lam Research -1.7%, On Semiconductor -2.8%, AMD -2.9%, Marvell -3.3% and Booking -10%.

The decline was held back by Palo's technical rebound +5.3%, and rises by Zscaler +4%, Adobe +3%, Paypal +1.4%.... and Nvidia, which shattered a record at $824 (+4.5%), retained only a symbolic advantage of +0.4%, at $788 (+13.5% on a weekly basis).

Over the past week, the Dow Jones has gained +1.3%, the Nasdaq +1.4% and the S&P +1.7%.

No stats on the agenda this Friday, 23 market movers, but T-Bonds seem to be benefiting from technical buybacks, with a spread that seemed to be in line with Bunds and OATs, i.e. -8pts to 4.245%.

But the figures published the previous day had no impact, and their absence is not preventing T-Bonds from finishing the week well.

According to Christopher Dembik, economist at Pictet, 'Nvidia's excellent results are certainly much more important for the short-term trajectory of the stock market than any statistics or central bank decisions'.

Note that at $824, Nvidia's market capitalization exceeded $2,000 billion (i.e. more than the GDP of Canada, South Korea or Russia).

On Thursday, the stock also shattered the record for the biggest capital gain in history in 24 hours, with +$277 billion (i.e. more than the GDP of Portugal or New Zealand), well ahead of Meta and its +$200 billion 3 weeks earlier and Apple's +190 billion in December 2022.

Nvidia also beats the all-time record for the highest capitalization contribution to the S&P500 in 7 weeks, with +$800 billion (equivalent to the GDP of Switzerland or Turkey), the highest activity on derivatives (a tsunami of call buying, a strategy that pays off, which is rare when everyone is "on the same side").

And the record for the highest turnover for 1 stock in 1 session on the previous day ($60 billion) was beaten on Friday with $64 billion (i.e. 1 month's trading for the CAC40, with an average of 22 sessions).

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