The US stock market closed the mix on Wednesday as investors expanded their gatherings by easing trade tensions between the US and China.
The S&P 500 rose 0.1%, Nasdaq rose 0.57%, and Dow Jones’ industrial average fell 0.21%.
Technology stocks have driven profits. Nvidia has climbed over 3% after it announced it would send 18,000 AI chips to Saudi Arabia. AMD has won more than 4% after a $6 billion share buyback. Nasdaq has grown by more than 6% this week, while the S&P 500 and Dow have 4% and 1% respectively.
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Positive China News
The market continued to respond proactively to weekend agreements between the US and China to temporarily reduce tariffs.
The US reduced tariffs on Chinese products to 30%, while China reduced US imports to 10%. The S&P 500, which was in negative territory this year, has now turned positive, up over 21% from its April low.
However, analysts warn that Larry could be suspended without further policy action. According to CNBC, Daniel Skelly of Morgan Stanley said:
Among individual moving companies, Etro jumped nearly 29% with the Nasdaq debut. Super microcomputers surged 17%, building on previous profits related to the $20 billion Saudi data center transaction. Boeing’s shares rose 2% after it announced Qatar Airways would sell $96 billion in aircraft.
Meanwhile, Tesla’s recent rally showed signs of overheating. The S3 partners flagged technical indicators suggesting short-term price pressures.
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