US equity markets rose on Tuesday, as technology shares climbed, and housing data pointed to continued resilience in the US economy. Dow up +211 points or +0.6%. Walgreens shed -9.3% after slashing its full-year profit guidance and reporting weaker-than-expected earnings. The broader S&P500 edged +1.1%, posting its best daily percentage gain since June 15. Information technology (+2%) and Consumer Discretionary (+2%) led 10 of the 11 sectors higher. Delta Air Lines surged +6.8% after they boosted its financial guidance, signalling a continued post-pandemic travel boom. This lifted competitors United Airlines (+5.08%) and American Airlines (+5.54%). The technology centric Nasdaq rose +1.7%, NVIDIA (+3.06%), Meta (+3.08%) and Microsoft (+1.82%) contributing to the index gains. Friday marks the end of the second quarter and first half of 2023. The Nasdaq has gained 10.9% since April and 29.5% this year. It’s on pace for its best first half in 40 years. The S&P and Dow are on track to finish the quarter up +6.6% and +2% respectively. The small capitalisation Russell 2000 rose +1.46%.
