Tech Stocks Surge: US Market Rises Amid Easing Tariff Tensions with Nvidia, Microsoft, and Tesla Jumping 3%

The U.S. stock market experienced a notable upswing on Thursday, marking the third consecutive day of gains. This rally was primarily driven by technology stocks, as investors eagerly sought updates on the ongoing U.S.-China tariff discussions. The Nasdaq Composite outperformed other major indexes, significantly fueled by a surge in shares of leading artificial intelligence companies.

Market Performance Highlights

The Dow Jones Industrial Average climbed by 486.83 points, a rise of 1.23%, reaching 40,093.40.
The S&P 500 saw an increase of 108.91 points, or 2.03%, closing at 5,484.77.
The Nasdaq Composite surged by 457.99 points, equating to 2.74%, and finished at 17,166.04.

Investors reacted positively when Beijing urged for the removal of U.S. tariffs on Chinese imports. This call followed comments from U.S. Treasury Secretary Scott Bessent, indicating a possible easing of trade tensions that have caused market fluctuations in recent weeks.

Sector Performance Overview

Out of the 11 sectors within the S&P 500, all but consumer staples saw advances, with technology leading the way with an impressive 3.5% gain. Noteworthy data such as robust new orders for durable goods and stable jobless claims suggested strong economic resilience.

Key Stock Movements

Alphabet: Up 2.38%
Microsoft: Gained 3.45%
Nvidia: Rose by 3.62%
Apple: Increased by 1.84%
Tesla: Added 3.50%
ServiceNow: Jumped 15.5%
Hasbro: Spiked 14.6%

Conversely, shares of Procter & Gamble fell by 3.7%, and PepsiCo dropped 4.9%.

Market Dynamics

A significant 5.84-to-1 ratio of advancing issues to declining ones was observed on the NYSE, with 50 new highs and 30 new lows reported. In the Nasdaq, 3,401 stocks entered positive territory, while 1,005 faced declines, resulting in a 3.38-to-1 ratio favoring gainers. Trading volume on U.S. exchanges reached 14.95 billion shares, falling short of the 19.15 billion average from the previous 20 trading days.