Is the S&P 500 breaking out today?

It is close but not confirmed. The resistance band near 6,980 to 7,002 needs a clean break on strong breadth. RSI is 57.5 and ADX is low, so trend strength is still building. Watch for a firm close above that zone.

Why did gold and bitcoin drop while U.S. stocks rose?

This reflects a risk-on shift. When investors favor equities, haven demand can cool, weighing on gold. Bitcoin fell 6.9% to $78,648, staying below key moving averages, which also pressured sentiment. Cross-asset flows often change quickly around earnings or macro headlines.

How can Australians play the S&P 500 today?

Consider ASX-listed S&P 500 ETFs such as IVV, or IHVV if you want currency hedging. If you expect AUD strength, hedged units can reduce currency drag. Set alerts near 6,980 to 7,002 and manage risk around the 50-day average near 6,852.

What sectors could lead if the breakout holds?

If the breakout holds, growth and cyclicals often lead, including technology, consumer, and parts of industrials. If gold stays weak, miners may lag. Keep a balanced mix, avoid concentration, and refresh your watchlist with clear entries, stops, and catalysts.

Global Market Insights

^GSPC Today, February 03: Stocks Rebound as Gold and Bitcoin Slide

ByHuzaifa Zahoor February 3, 2026February 3, 2026

The S&P 500 today climbed as risk appetite returned, with the Dow and Nasdaq rise supporting a broad move back into equities. This risk-on tone came as gold and bitcoin drop, shifting capital toward stocks. For Australians, U.S. momentum can shape the ASX open and AUD moves. We break down key levels, momentum signals, and near-term catalysts, plus what this means for ASX-listed S&P 500 ETF holders. Our aim is to keep you ahead with clear data and practical steps.