US equity markets climbed for a fourth consecutive session as wholesale inflation cooled further, and ahead of the release of second quarter results from some of the US’ biggest banks tonight AEST - Dow added +47-points or +0.10%. Walt Disney Co added +0.35% after the company’s board extended Chief Executive Bob Iger’s contract for two more years, through December 2026. The broader S&P500 +0.85% to 4,510.04, settling above the >4,500 level for the first time since 5 April, 2022. Communication Services rallied +2.32% to lead nine of the elven primary sectors higher. Energy (down -0.45%) sat at the foot of the primary sector leaderboard. The Nasdaq +1.58%. Amazon.com Inc rallied +2.68% after the company said the first day of its Prime Day shopping event drove its best sales performance yet. The small capitalisation Russell 2000 gained +0.91%.
