Just what it takes!
Within 0.03%, the S&P500 (+0.7%) ends the week in the green, at 5,304Pts.
No suspense for the Nasdaq, which had a slight lead and is up +1.1% at 16,920 to set its 12th annual closing record (weekly score +1.36%).
The Nasdaq-100 (+1%) also sets a record at 18.800, in the wake of
Super Micro and Qualcomm +4.3%, AMD +3.7%, Palo-Alto +3.3%, Tesla +3.2%, Meta +2.7%, Nvidia +2.6% to $1,064 (+12.5% in 48H), ASML +2.4%, Marvell +2.2%, Intel +2.1%, Apple +1.7%.
Note, however, Workday's plunge of -15.3% (lower invoicing)... but this does not weigh heavily against Nvidia's +2.6%.
The Dow Jones gained only 0.01% to 39,069 after -1.5% the previous day... and lost 2.45% over the week: what better illustration of the enormous divergence between the 'industrial' and 'techno' sectors.
The phenomenon has only become more pronounced this year, with a 9% performance gap between the 'Dow' (+3.6%) and the Nasdaq Composite (+12.7%).

Optimism seems to be returning due to 'good figures' and a lull on the bond front, with a slightly more positive end to the day.... while Wall Street is unable to shake off the feeling that inflation remains a problem for the US economy and the FED.

T-Bonds ease -2pts to 4.457% for the '10-yr' despite new 'robust' US figures: durable goods orders rose by 0.7% in April in the US (after +0.8% in March), whereas they had been expected to fall by 0.9%. Excluding defense and aeronautics, they rose by 0.3% versus +0.1% expected, after -0.1% in March.

At 4 p.m., investors discovered the Michigan consumer confidence index: it came in 1.7Pt higher than expected in May, at 69.1... but significantly down on April's 77.2.
The prospect of interest rates remaining at their highest for several months to come is weighing on consumer plans.

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