Fresh record closing highs for both the S&P500 and Nasdaq after the minutes from the Federal Reserve’s June monetary policy meeting indicated that officials are not yet ready to move on tightening policy - Dow up +104-points or +0.30% . Apple Inc rose for a seventh straight session, up +1.8% to log its first record closing high (US$144.57) since 26 January. The broader S&P500 rose +0.34% to a fresh record closing high of 4,358.13. Materials (up +1.02%) and Industrials (+1.00%) rose 1% to lead eight of the eleven primary sectors higher. Energy (down -1.73%) was the worst performing primary sector. Major investment banks Goldman Sachs Group Inc (down -0.59%) and Bank of America Corp (-0.80%) fell as long bond yields extended their declines. The Nasdaq inched +0.01% higher after touching a record intra-day high (14,755.33) shortly after the opening bell. Former President Donald Trump filed lawsuits against Facebook Inc (down -0.65%), Twitter Inc (-2.07%) and Google along with companies’ respective Chief Executive Officers alleging the technology giants violated his First Amendment rights. The small capitalisation Russell 2000 fell -0.95%.
