On April 17, global equities advanced amid easing geopolitical tensions and strong earnings. The Nasdaq rose 0.36%, extending its winning streak to 12 sessions, matching a 2009 record. The S&P 500 gained 0.26% to above 7,000, and the Dow added 0.24%. A proposed 10-day ceasefire in the Middle East boosted risk sentiment.
Chinese concept stocks outperformed: the Nasdaq Golden Dragon China Index jumped 1.74% for a fifth straight gain. The Hang Seng Tech Index surged 3.67%, led by internet and tech manufacturing.
Commodities diverged: crude oil rose 1.72% to $$89.65/bbl, while base metals gained. Gold edged down 0.26% to$$4,810.9/oz as safe-haven demand cooled. Goldman Sachs forecasts gold near $4,900 by year-end, with copper and oil driven by supply-demand dynamics.