US equity markets extended their rebound into a third consecutive session as investors digested a cooler-than-expected inflation report - Dow added +86-points or +0.25%. The broader S&P500 climbed +0.74% to 4,472.16, recording its highest settlement since 8 April, 2022. Domino's Pizza Inc jumped +11.09% after the pizza chain said it entered into a new global agreement with Uber Technologies Inc (+0.36%) that allows U.S. customers to order Domino’s products through Uber Eats and Postmates apps. Domino’s will still be making the deliveries. The technology-centric Nasdaq outperformed, rallying +1.15% to 13,914.48 and logging its highest close since 5 April, 2022. Nvidia Corp (up +3.53%) and Intel Corp (+2.04%), with the Financial Times reporting that UK chip designer Arm is in talks to bring both US semiconductor companies onboard as anchor investors as the SoftBank-owned company presses ahead with plans for a New York listing as soon as September. Nvidia, the world’s most valuable semiconductor company, was forced last year to abandon its planned US$66B acquisition of Arm after the deal was challenged by regulators. The small capitalisation Russell 2000 rose +1.05%.
