US equity markets advanced, with the S&P 500 index and Nasdaq Composite booking a fourth day in a row of gains - their longest unbroken advance since March – ahead of tonight’s June jobs report - Dow gained +347-points or +1.12%, The broader S&P500 +1.50%, with Energy (up +3.51%) returning to the top of the primary sector leaderboard. Chevron Corp rose +1.95%, Exxon Mobil Corp +3.19% and Occidental Petroleum Corp +3.99%. Consumer Discretionary (up +2.48%) and Information Technology (+2.06%) both rose over >2%, with ten of the eleven primary sectors advancing. Utilities (down -0.10%) was the only primary sector to settle in the red. The Nasdaq rallied +2.28%. Chipmaker Micron Technology Inc (up +2.58%), Advanced Micro Devices Inc (+5.24%) and Nvidia Corp (+4.81%) traded strongly, buoyed by South Korea’s Samsung Electronics Co (+3.19%) posting its best April-June profit since 2018, driven by strong memory chip sales to server customers. The small capitalisation Russell 2000 gained +2.43%.
