Dow jumps nearly 600 points after Trump softens tone on China

00:00 jared

You can reach almost 600 points in Dow today. That’s 588 to 36,067.65. That’s a 1.3% gain. The Nasdaq is up a full point more than that, almost 500 points, or 2.21%. and the S&P 500 rose about 1.5 percent.

00:17 jared

Meanwhile, it’s the best day since May for the S&P, Nasdaq, tech stocks and chip stocks. And this was the worst day we’ve seen since April on a Friday.

00:27 jared

So what kind of feedback is there here? In sector actions, the only things we see in red are basic necessities and healthcare services. And then we have technology leading the pack, an increase of almost 2.5%, followed by consumer discretionary. Big Tesla move today. Later, all three perform. and let’s move on to the Nasdaq 100 to see some of this outstanding performance. In this deal announcement, Nvidia is up almost 3%, Alphabet is up more than three percent, and Broadcom is up almost 10%. Tesla increased by 5 percent

00:52 jared

And if you look inside chip stocks, you can see a lot of dark green in there. And here some of the leaders, besides Broadcom, have become even stronger, with 11% to date. and ignore Taiwan Semi. This is up 8%. Let’s take a brief look at the software. We see that Oracle is up 5% and Crowdstrike is up more than 3% with Data Dog. But let’s look at China. and we saw a lot of action there. Baba came back with a 5% increase.

01:13 jared

JD is right behind, Baidu up 3%. the list goes on. and I’ll leave you with a look at where we’re seeing some red in the Dow, some of the healthcare and staples stocks are in the red. But mostly we check this. JP Morgan is up 2% ahead of earnings tomorrow morning. Therefore, we will pursue this. And I’ll send it back to you, Josh.

01:31 Josh

OK, thanks Jared.