The Dow rose for seven consecutive days, with US stocks hitting a 15-month high. Microsoft and Nvidia reached new highs, while bank stocks were boosted by positive financial reports.

US retail sales growth in June was lackluster, but core retail remained strong. The market still expects a rate hike in July, which is believed to be the last one. The Dow Jones Industrial Average (DJIA) has experienced its longest consecutive gains since March 2021, with Microsoft leading the way with a 4% increase, driving up the overall performance of AI-related stocks. Bank of America, with positive earnings reports, rose over 4%, while Morgan Stanley and JPMorgan Chase rose over 6% and 12% respectively, marking the largest increase since March 2020. These gains have nearly recovered the losses incurred during the March crisis. Regional bank stocks also rose over 4%, reaching a four-month high. Chinese concept stocks index fell 4% to a one-week low during the trading session. US bond yields experienced a V-shaped reversal, with short-term yields rising towards the end of the day, while European bond yields dropped more than 10 basis points. After hitting a 15-month low, the US dollar rebounded, while the euro rose for eight consecutive days before turning downward, missing the chance to achieve its longest upward trend in nearly twenty years. Gold rose over 1% to reach a two-month high during the trading session, corn futures rose over 5%, and Brent crude oil rose nearly 3% and briefly surpassed $80.