Netflix blew past the market expectations last quarter and printed its biggest ever quarterly jump in subscriptions. The share price jumped 14% in the afterhours trading. More good news for the tech lovers. Trump, together with Softbank and Oracle, announced to invest as much as $500bn in AI infrastructure in the next four years. Oracle jumped more than 7% on the news, while VanEck’s uranium and nuclear ETF gained almost 5%. The news also boosted growth and productivity expectations more than they fueled the ballooning debt worries.
The major US indices gained, while small and mid-cap indices outperformed their bigger cap peers. Elsewhere, the Stoxx 600 index gained yesterday and closed a few points below an ATH level defying the morose growth outlook for the European economies, while the UK’s FTSE 100 has printed its third record high in the 3 past sessions. Elsewhere, the US dollar retreats on worries...
