The discussion on support and resistance levels ends here for now. Let’s shift our focus to the stock market and explore the opportunities it currently presents.

All three major U.S. stock indexes closed higher today, with tech stocks leading the way to push market sentiment back up. The Dow rose 0.21% to 40,752.96, the Nasdaq gained 1.52% to 17,710.74, and the S&P 500 rose 0.63% to 5,604.14. Microsoft and Meta's exceeded expectations earnings became the core driver: Microsoft's third-quarter revenue of $70.7 billion (+13% year-on-year), strong growth in the Azure cloud business, Meta advertising revenue increased by 27% year-on-year and raised its AI investment guidance, the two shares closed up 1.2% and 5.3%, respectively. NVIDIA and other chip stocks were also boosted, reflecting the market's optimistic expectations for the AI industry chain.

On the economic data front, U.S. initial jobless claims rose to 241,000 last week (223,000 expected), the highest since February, or reflecting the lagged impact of tariff policies on employment. General Motors lowered its full-year earnings forecast on the tariff drag, citing associated losses of at least $4 billion. Although the Trump administration's new tariffs go into effect on May 1, companies are partially passing on the costs through pricing power, and Carlyle believes that strategic sectors such as cloud computing may be “selectively exempted”.