Key events: UK - Core Retail Sales (MoM) (Jun) Canada - Core Retail Sales (MoM) (May) USA - FOMC Member Williams Speaks USA - FOMC Member Bostic Speaks The S&P 500 slumped for a second consecutive day on Thursday, experiencing wild swings as the early-day rebound in tech faded amid an ongoing rotation out of high-flying megacap tech stocks ahead of Netflix's earnings report.

Key events: UK - Unemployment Rate (May) Eurozone - Deposit Facility Rate (Jul) Eurozone - ECB Interest Rate Decision (Jul) USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Jul) Eurozone - ECB Press Conference The Dow surged on Wednesday, led by gains in financial and energy sectors as investors rotated away from tech stocks, which were hit by an Nvidia-led decline on geopolitical concerns.

Key events: USA - PPI (MoM) (Jun) Canada - Building Permits (MoM) (May) USA - Michigan Consumer Sentiment US stocks fell on Thursday despite inflation data suggesting a slowdown in the US economy, which raised the possibility of Federal Reserve interest rate cuts later this year.

Key events: UK - GDP (MoM) (May) USA - Core CPI (MoM) (Jun) USA - Initial Jobless Claims USA - 30-Year Bond Auction The S&P 500 closed above 5,600 for the first time on Wednesday, propelled by tech stocks and continued hopes for an earlier rate cut as Fed Chair Jerome Powell delivered his second day of testimony before Congress, a day ahead of new inflation data.

Key events: USA - Fed Chair Powell Testifies USA - Crude Oil Inventories USA - 10-Year Note Auction USA - FOMC Member Bowman Speaks USA - Fed Goolsbee Speaks The S&P 500 closed at a record high for the fifth consecutive session on Tuesday as Federal Reserve Chair Jerome Powell's testimony didn't deter investors from expecting a rate cut in September.

Key events: UK - BoE Gov Bailey Speaks Eurozone - ECB's Elderson Speaks USA - Durable Goods Orders (MoM) (May) USA - GDP (QoQ) (Q1) USA - Initial Jobless Claims  The S&P 500 closed slightly higher on Wednesday, buoyed by a record surge in Amazon, which lifted the tech sector ahead of upcoming inflation data. The S&P 500 rose by 0.1%, while the NASDAQ Composite increased by 0.5%. The Dow Jones Industrial Average climbed 16 points, or 0.04%.

Key events: Eurozone - ECB's Lane Speaks USA - Building Permits USA - New Home Sales (May) USA - Crude Oil Inventories  On Tuesday, the Nasdaq surged 1%, bolstered by robust performances from Nvidia and other tech giants, while the Dow faced pressure from retail stocks. Investor focus centered on this week's pivotal inflation data, which could shape future US monetary policy decisions.

Key events: USA - FOMC Member Bowman Speaks USA - CB Consumer Confidence (Jun) A broad stock market rally pushed the blue-chip Dow to a one-month high on Monday, as investors shifted away from AI-linked stocks and added laggards to their portfolios, anticipating Federal Reserve interest rate cuts this year.

Key events: USA - S&P Global US Manufacturing PMI (Jun) USA - S&P Global Services PMI (Jun) USA - Existing Home Sales (May) USA - Fed Monetary Policy Report The S&P 500 dipped after briefly surpassing the 5,500 milestone for the first time ever on Thursday, as Nvidia's decline dragged the broader tech sector down. The S&P 500 dropped 0.4% after hitting a record high of 5,505.23. The NASDAQ Composite decreased by 1%, while the Dow Jones Industrial Average rose by 253 points, or 0.7%.

Key events: Eurozone - Deposit Facility Rate (Jun) Eurozone - ECB Interest Rate Decision (Jun) USA - Initial Jobless Claims Eurozone - ECB Press Conference The S&P 500 and Nasdaq reached new record highs on Wednesday, driven by Nvidia's strong performance in the tech sector and declining Treasury yields. These market movements were influenced by further signs of a cooling labor market, which boosted hopes for a potential interest rate cut by the Federal Reserve later this year.