Retail on the Radar as Default Fears Subside.

Markets rallied for the second consecutive day, with the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all posting gains. The rally was driven by the possibility of the US avoiding default on its debt, as well as the US Supreme Court's decision to leave in place the legal shield protecting tech companies from being held responsible for their users' posts. Alibaba's Q1 revenue missed analysts' expectations, and the company announced plans to spin off its cloud division. UBS Global Wealth Management predicts gold prices could hit a record high of $2,100 per ounce.