US equity markets rallied strongly ahead of the holiday weekend, with technology stocks leading the advance - Dow up +576-points or +1.7%, logging its straight day of gains of more than >500 points and rallying for a sixth straight day in its longest winning streak since December 2021. The 30-stock index was powered by gains for Salesforce Inc (up +1.63%), Apple Inc (+4.08%), Microsoft Corp (+2.76%) and International Business Machines (IBM) Corp (+1.74%). The broader S&P500 +2.47%, with Consumer Discretionary (up +3.47%) and Information Technology (+3.44%) climbing over >3% to lead all eleven primary sectors (over >1%) higher. The Nasdaq +3.33% to 12,131.13, the technology-centric indice’s first close above >12,000 since 6 May. The small capitalisation Russell 2000 +2.70%. US equity and bond markets are CLOSED tonight AEST for the Memorial Day holiday.
