U.S. Markets Show Mixed Performance Amid Trade Optimism
On Wednesday,U.S. stock markets closed with mixed results. Teh S&P 500 inched up by 0.1%, while the Nasdaq climbed 0.57%. However, the Dow Jones Industrial Average dipped slightly by 0.21%.
Technology stocks were the main drivers of growth. Nvidia surged over 3% after revealing plans to ship 18,000 AI chips to Saudi Arabia. AMD also saw a boost, gaining more than 4% due to a $6 billion share buyback.
markets were also buoyed by positive news from China.The U.S. adn China agreed to temporarily reduce tariffs. The U.S. lowered tariffs on Chinese goods to 30%, and China reduced duties on U.S. imports to 10%. This move has helped the S&P 500 turn positive for the year, up more than 21% from its April low.
However, analysts warn that the rally might slow without additional policy actions.
Markets were also influenced by a trade agreement between the U.S. and China. The U.S. reduced tariffs on Chinese goods to 30%, and China lowered duties on U.S. imports to 10%. This has helped the S&P 500 turn positive for the year, up over 21% from its April low.
Despite the positive momentum, analysts like Daniel Skelly of Morgan Stanley, as reported by CNBC,suggest that further policy initiatives are needed to sustain the rally into 2026.
Some individual stocks stood out. eToro soared nearly 29% in its Nasdaq debut.Super Micro Computer jumped 17%, benefiting from a $20 billion Saudi data center deal.Boeing shares rose 2% after a $96 billion aircraft sale to Qatar airways. However, Tesla’s rally may be cooling, with S3 Partners noting potential near-term price pressure.
the Nasdaq is up more than 6% this week.