The major US stock indices are sharply higher on US/China tariff news. Over the weekend the US slashed tariffs for the next 90-days on China goods from 145% to 30% inclusive of a 20% tariff due to fentanyl. The news led to sharp buying which did not abate. The broader S&P and Nasdaq indices had their 2nd best days going back to 2022.
The final numbers are showing:
- Dow industrial average rose 1160.7 2.2 or 2.81% to 42,410.10. That was the second-best day going back to November 6, 2024.
- S&P index rose 184.28 points or 3.26% at 5844.19. That was the 2nd-best % day going back to November 10.
- NASDAQ index rose 779.43 points or 4.35% at 18708.34. That was the second-best day since November 30.
- The Russell 2000 rose 16.12 points or 3.42% at 2092.19. For that index, it was a second-best day since November 6, 2024
Some of the bigger winners today included:
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Shopify Inc +13.71%
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First Solar +11.07%
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Block +9.29%
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Lam Research +9.18%
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Amazon.com +8.09%
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Meta Platforms +7.92%
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Arm +7.77%
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Micron +7.49%
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Papa John’s +7.26%
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Gilead +7.12%
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FedEx +6.94%
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Tesla +6.82%
Looking at some of the other leading gainers:
- Alphabet +3.74%
- Microsoft, +2.40%
- Nvidia, + 5.44%
- Nike +7.34%
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investingLive.com, a new destination for intelligent market updates and smarter
decision-making for investors and traders alike.
