In overnight trading on April 16, U.S. stocks closed mixed. The S&P 500 rose 0.8% to 7,022.95 points, breaking above 7,000 for the first time and hitting a record high. The Nasdaq jumped 1.59% to 24,016.02 points, extending gains for 11 consecutive sessions to a new all-time high. The Dow Jones edged down 0.15% to 48,463.72 points. Tech stocks were the main driver: Tesla surged 7.6%, Microsoft, Broadcom and Oracle rose more than 4%, and NVIDIA gained over 2%.

The rally was fueled by the resumption of U.S.-Iran negotiations, easing expectations of Middle East conflicts and lifting risk appetite. The Federal Reserve’s Beige Book showed a stable U.S. economy and labor market, reinforcing expectations for Fed rate cuts. A weaker U.S. dollar pushed capital into tech and growth sectors. Chinese concept stocks also strengthened: the Nasdaq Golden Dragon China Index rose 0.75%, led by BOSS Zhipin and [Pony.ai](Pony.ai).

Global markets moved in tandem, with European stocks mixed: Germany’s DAX edged up while UK and French indices fell. Commodities diverged: spot gold rose 0.62% to $$4,824.87 per ounce, a record high; WTI crude oil dropped 0.67% to$$87.54 per barrel as geopolitical risk premiums faded. Analysts believe the tech bull market will continue, with AI computing and semiconductors as key investment themes, likely to resonate with related A-share sectors.