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U.S., China Agree to Large Tariff Cuts
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Stocks closed mostly higher on Tuesday after the release of encouraging inflation data, adding to big gains posted the previous session following a de-escalation in the trade spat between the U.S. and China.
A note from Bank of America's equity derivatives team says the rally in tech stocks could still continue. "In our view, the collision of AI with the pro-growth aspects of Trump's agenda could drive further upside momentum,
Wedbush Securities senior equity analyst Daniel Ives, known for his vocal and bullish stance on tech stocks, has referred to AI as “the biggest tech transformation in over 40 years.” He estimates that the global AI market is expected to grow to $407 ...
Tesla (TSLA), and Meta (META) led the "Magnificent Seven" Big Tech stock surge Monday afternoon after the US and China announced a temporary trade war truce. Amazon shares surged 8%, Meta spiked 7.7%,
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the “Greed” zone on Tuesday.
The Magnificent Seven is riding to the rescue once again. Two of the handful of huge technology companies that drove market gains in 2023 and 2024, posted earnings that smashed expectations after the bell on Wednesday.
US stocks surged to close near the highs of the session on Monday after a US-China deal to temporarily slash reciprocal tariffs offered relief to markets worried about a trade war. Wall Street notched a banner day after the US and China put tariffs on pause for 90 days,
Chip stocks like Micron, Nvidia, and Taiwan Semiconductor soar as US-China slash tariffs, lifting Nasdaq 100 and boosting tech sector outlook today.
Amazon and Meta stocks led the "Magnificent Seven" Big Tech stock surge after the US and China announced a temporary trade war truce.