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Index Update
The US stock market closed on a high note yesterday, with the S&P 500 surging 0.9%, the Nasdaq gaining 0.6%, and the Dow skyrocketing 538 points. What's behind this rally? Relief over President Trump's softer trade measures is a major factor. Despite threats of tariffs on Mexico and Canada, the administration's cautious approach has eased inflation concerns and reduced the risk of a hawkish Fed reaction.
Market Movers
Industrials and Healthcare led the gains, with Oracle surging 7.2% on reports of incoming AI infrastructure investment, Broadcom and NVIDIA also saw significant gains, with 3.7% and 1% increases, respectively. On the other hand, Apple sank 3.2% due to pessimistic iPhone sales growth outlook and broker downgrades. Tesla lost 0.6% after Trump revoked the US's EV sales target.
Commodities Update
Commodities saw significant movements on Wednesday, with gold surging to $2,760 per ounce, its highest level since early November, driven by a softer US dollar and growing demand for safe-haven assets amid trade war concerns. Silver climbed toward $31 per ounce, approaching its highest levels in six weeks, fueled by Trump's tariff threats and expectations of further interest rate cuts. Meanwhile, Brent crude oil futures fell to around $79 per barrel, declining for the fourth consecutive session, as Trump's consideration of a 10% tariff on China amplified trade war concerns.
Key Announcements
Trump announces $500 Billion AI infrastructure investment, with OpenAI, SoftBank, and Oracle investing $100B! AI-related stocks get a boost, with Nvidia up 3.1%.
Futures Update
US Stock Futures Surge! S&P 500 futures up 0.4%, Dow Jones futures add 100 points, and Nasdaq 100 gains 0.8%! Investors are digesting Trump's latest policy announcements and corporate earnings. Netflix soars 15% after reporting record new subscribers and beating revenue/earnings expectations! Other winners: Procter & Gamble (+2.5%), J&J (+0.4%), and United Airlines (+4%) after topping forecasts.

The S&P 500 index is exhibiting a strong bullish trend, with prices trading above the 20-day, 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) and Simple Moving Averages (SMAs), indicating a short-term, medium-term, and long-term uptrend. The 14-day Daily Relative Strength Index (RSI) is above 72, indicating overbought conditions, however, in a strong uptrend, the RSI can remain overbought for an extended period. Furthermore, the index has taken support at the 0.61 Fibonacci level, a crucial technical level, and is now hovering near its all-time high, suggesting that the index is poised to continue its upward momentum, with potential targets at new all-time highs. As long as prices stay above the 200-day EMA/SMA, the bullish trend is likely to remain intact, however, investors should be cautious of a potential pullback due to overbought conditions, and a correction could provide a buying opportunity, making it essential to maintain a disciplined risk management approach, as markets can be volatile.






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