US equity markets extended their rebound, with both the Dow Jones Industrial Average and S&P500 booking their highest closes in nearly seven weeks - Dow rose +332-points or +1.03% to 32,529.63. The broader S&P500 gained +1.21% to 4,072.43, with Real Estate (up +3.7%) and Utilities (+3.53%) rallying over >3.5% to lead ten of the eleven primary sectors higher (after being relative underperformers in the preceding two sessions). Communication Services (down -0.74%) was the only primary sector to settle in the red. The Nasdaq +1.08%. Facebook parent Meta Platforms Inc fell -5.22% after the social media giant reported disappointing second-quarter results after the closing bell of the previous session accompanied by a third-quarter outlook that was markedly below Wall Street estimates. The small capitalisation Russell 2000 rose +1.34%.
