Nvidia, the Nasdaq and the S&P500 got dizzy at record highs on Thursday as world markets start to take stock of a bumper 2024 as we near the half-year point next week – but with the dollar (.DXY), opens new tab back on the march regardless.

The latest U.S. economic readouts show some cooling of activity through May and June, but the trigger for the megacap recoil was less than clear – not least with the Atlanta Federal Reserve’s “GDPNow” real-time estimate still showing a brisk 3% growth for the quarter.