Technology stocks led fresh gains for US equity markets, which overcame a rocky opening to the session - Dow up +154-points or +0.59% (to 26,023), climbing back above >26,000. The broader S&P500 gained +0.65%, with Information Technology (up +1.93%) leading seven of the eleven primary sectors higher. Financials (down -0.48%) and Health Care (-0.36%) underperformed. American Airlines Group Inc fell -6.8% after confirming plans to raise ~US$1.5B via the offer of shares and convertible notes to shore up liquidity. Delta Air Lines Inc (%) announced it would resume flights between Seattle and Shanghai on 25 June, making it the first U.S. airline to restart operations between the United States and China after flights were suspended in February due to the COVID-19 pandemic. The technology-centric NASDAQ rallied +1.11% (to 10,056.35), logging its seventh consecutive session gain and 20th record closing high of 2020. Microsoft Corp rose +2.8% see its market capitalisation settle above >US$1.5 trillion for the first time. Netflix Inc gained +3.2% to see its market capitalisation climb above >US$200B for the first time. Apple Inc (up +2.62%) confirmed at the World Wide Developers Conference (WWDC) that it would transition away from Intel Corporation (+0.79%) chips over the next two years and is now designing its own chips for iOS devices and its Mac desktop and laptops. The small capitalisation Russell 2000 index rose +0.9%.
