Wall Street’s indexes rose, with the benchmark S&P 500 hitting an intraday record high as investors cheered streaming video provider Netflix’s quarterly report and President Donald Trump’s private-sector artificial intelligence infrastructure investment plan.
China said it will guide big state insurers and commercial insurance funds to increase investments in the A-share market, in a latest move to boost its lagging stock market. Big state-owned insurance companies will be directed to raise both the size and proportion of their investments in Chinese stocks listed on the mainland and equity funds.
Shares of Netflix soared to an all-time high after the streaming giant’s big bet on sports helped add a record 18.9 million subscribers in the holiday quarter, ballooning its already sizeable advantage over other players.
Wall Street’s main indexes rose, with the blue-chip Dow at a more than one-month high, as investors assessed President Donald Trump’s executive orders after taking office and awaited his first move on trade policy.
Dogecoin jumped in double-digit percentage in 15 minutes following the announcement of the official website launch of the US Government Efficiency Department, breaking its short-term downtrend.
Gold prices jumped to a over two-month peak, supported by a weaker dollar and as markets flocked to the safe-haven asset as uncertainty surrounding U.S. President Donald Trump’s potential tariffs continued to loom.
The Gold-Dollar pair exploded 1.2% in the last session. The RSI is giving a positive signal.
Support: 2672.8 | Resistance: 2802.1
