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Wednesday, Apr 02, 2025

Wall Street Ends Positively with S&P 500 Reaching a New Peak; Netflix Soars 10%

Wall Street Ends Positively with S&P 500 Reaching a New Peak; Netflix Soars 10%

U.S. markets surged due to optimism surrounding infrastructure investments and advancements in technology, as Trump contemplates implementing 10% tariffs on China beginning in February.
U.S. markets closed higher on Wednesday, with the S&P 500 hitting a record high and the Nasdaq rising by 1.3%, driven by gains in technology stocks and strong investor confidence.

Netflix shares jumped 10%, bolstering the tech-led surge, as investors reacted favorably to the streaming giant’s latest earnings report and growth forecasts.

Global markets followed, with France's CAC 40 index climbing 1.1%, mirroring widespread optimism spurred by corporate earnings and economic forecasts.

In a separate move, U.S. President Donald Trump unveiled a plan to invest $500 billion in artificial intelligence (AI) infrastructure, part of a broader strategy to enhance the U.S. economy.

The planned investment aims to focus on research and development, workforce training, and deploying AI technologies across key industries.

Additionally, Trump disclosed that his administration is contemplating a 10% tariff on imports from China beginning in February.

This continues the trade policies from his previous term.

Bank of America analysts suggested these tariffs are unlikely to significantly affect U.S. inflation rates, citing existing economic buffers and adjustments in the supply chain.

Investors reacted positively to the news of infrastructure investment, seeing it as a potential driver for economic growth.

However, the announcement of tariffs on China introduced some uncertainty to global trade dynamics, leading market participants to monitor potential impacts closely.

Overall, the market wave highlights strong corporate performance and investor confidence amidst policy developments that may shape the economic environment in the coming months.
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