The major US stock indices are closing higher on the day. The NASDAQ index is the strongest of the indices with a gain of 0.63%. Hopes for an agreement with China and the US helped to support the market.
A snapshot of the closing levels shows:
- Dow Industrial Average rose 105.11 points or 0.25% at 42866.87.
- S&P index rose 32.93 points or 0.55% at 6038.81.
- NASDAQ index was 123.75 points or 0.63% at 19714.99.
Looking at some gainers, the chip sector did well today:
- Intel shares rose 7.95% helped by strong option buying. There was no news to support the surge.
- AMD shares rose 1.24%.
- Micron rose 2.88% will
- Nvidia shares rose 0.93%.
Looking at other gainers:
- Tesla shares rebounded 5.67%
- Stellantis rose 4.72%
- Schlumberger rose 4.09%
- Whirlpool rose 4.02%
- Target rose 3.56%
This article was written by Greg Michalowski at www.forexlive.com.