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On March 29th, it was learned from the Beijing Financial Regulatory Bureau that Beijing has taken the lead nationwide in launching the development and application of commercial insurance products for intelligent connected new energy vehicles. The new products largely follow the existing new energy commercial vehicle insurance system, adhering to the principle of "overall stability with partial optimization." They primarily provide risk protection for specific intelligent driving scenarios and software/hardware losses that are of concern to consumers and automakers, and can be uniformly adapted to all levels of intelligent connected new energy vehicles from L2 to L4. For example, existing car insurance products mainly define drivers based on the basic scenario of "human driving," which is not fully applicable to L3 and L4 level "human-machine co-driving" or "machine driving" scenarios. Furthermore, for L2 level assisted driving vehicles, some consumers upgrade their assisted driving systems at their own expense after purchasing a new car, but existing car insurance products do not cover this portion of the loss, requiring further optimization.According to Iranian state media, Iranian Parliament Speaker Qaribaf stated that the United States talks about negotiations in public but is secretly planning a ground offensive.On March 29, local time, a U.S. military KC-135R aerial refueling tanker encountered an emergency during a mission and was forced to return to Tel Aviv, Israel.The Israel Defense Forces have detected another ballistic missile launch by Iran. Alarms are expected to sound in southern Israel within the next few minutes.On March 29, South Korean Deputy Prime Minister and Minister of Finance and Economy Koo Yoon-cheol stated that if international oil prices rise to $120 to $130 per barrel, the government is likely to activate a Level 3 resource security crisis alert, and the vehicle license plate number restriction measures will be expanded to include the private sector.

NASDAQ, S&P 500, Dow Jones Analysis – Traders Keep Buying Tech Stocks

Skylar Shaw

Jan 10, 2023 15:11

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S&P 500 (SPX500)

After the recent advance, traders began to take gains, and the S&P 500 slipped away from session highs. Treasury rates attempted to climb higher but lost steam and dropped to fresh lows, giving equities in today's trading session even more support.


The movement today was significant, and most market categories advanced throughout the trading session. However, the stock sell-offs in Baxter International and Regeneron Pharmaceuticals put pressure on the healthcare sector.


Despite the solid recovery in the oil and natural gas markets, energy equities have also seen small increases. The S&P 500's top performer today was Tesla, which is up more than 7%.

NASDAQ (NAS100) 

As chip stocks increased, the NASDAQ stabilized close to the 11,200 mark. Today's trading session has seen gains of 7% for AMD and NVIDIA.


Investors are purchasing equities that saw significant declines in 2022. Investors are prepared to wager on a robust comeback after stocks like AMD and NVIDIA dropped to fair valuation levels.


The Fed is still hawkish, and the economy might enter a recession, so it is unclear if the present rising momentum will last. The market is now positive, nevertheless, and the demand for riskier assets continues rising.

Dow Jones (US30)

The Dow Jones is now the least successful of the main U.S. indexes. Healthcare companies Merck, Johnson & Johnson, and Amgen are the greatest losses in the Dow Jones index.


Although it should be emphasized that the dynamics of tech companies will decide whether the general market advances higher in the following trading sessions, today's weakness of the Dow Jones is somewhat concerning for the wider market. All indexes will rise if traders keep purchasing tech equities.

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