Nasdaq climbs above Friday's high in 1% gain

<p>The one-way trade in the Nasdaq since May has extended further, with the index rising 1.0% to the best levels since April 2022.</p><p>Intel is leading the way today with a 4% gain despite incoming China export controls on semiconductors. Tesla and Activision-Blizzard are other notable gainers. </p><p>Tomorrow we get the US retail sales report for June with expectations for a 0.5% rise. A strong report would actually hurt the Nasdaq because it could mean higher US interest rates for longer. Ideally, it would come in right at consensus or just below.</p>

This article was written by Adam Button at www.forexlive.com.