– This is the script of CNBC's news report for China's CCTV on March 30, Thursday.
Welcome to CNBC Business Daily, I'm Qian Chen.
U.S. stocks traded mixed overnight. The Dow slid by 2 tenth of a percent while S&P 500 and Nasdaq climbed higher.
As worries about the Trump administration's ability to push through key reforms dissipated, markets are now waiting for any update on the tax reform.
[JEFF KRAVETZ U.S. Bank Wealth Management Regional Investment Director] "Not getting that health care bill done has given investors a moment of pause, but the administration did a good job of moving forward quickly to tax reform. And all eyes are on tax reform, that's really the hot issue for investors. So right now we are in a wait and see mode."
One company under spotlight was Amazon, which broke out to a record high Wednesday.
With Amazon's share prices at $874.32, the company's CEO Jeff Bezos is now the second richest man in the world after overtaking Warren Buffett.
Bezos is now worth $75.6 billion, surpassing Berkshire Hathaway CEO Warren Buffet ($75.5 billion).
Bill Gates, founder of Microsoft, is still the richest man in the world with a net-worth of $86 billion.
Investors should buy Amazon shares because the company's earnings this year will come in significantly above expectations, said Barclays.
"AMZN is likely to be one of the first trillion-dollar market cap companies; it's just a question of when, not if, in our view," wrote the bank's analyst Ross Sandler.
Speaking of market cap, let's take a look at the top 5 of the U.S. listed comapnies with the largest market cap.
1. Apple $771.8bn
2. Alphabet $582.1bn
3. Microsoft $50.59bn
4. Amazon $421.7bn
5. Facebook $416.5bn
For market cap over $400bn, also includes Buffet's Berkshire Hathaway, standing at $413.3bn. At the mean time, investors are waiting for the upcoming earnings season in early April.
CNBC's Qian Chen, reporting from Singapore.