US stocks pulled off an impressive rally today, driven by high hopes around tech earnings and a promising US-Japan trade pact. The Dow Jones climbed by 507.85 points to close at 45,010.29, while the S&P 500 hit a record close at 6,358.91. Notably, the Nasdaq Composite soared past the 21,000 mark for the first time, finishing at 21,020.02. 🚀
Gains were broad with nine of the 11 primary S&P 500 sectors ending in green – healthcare and industrials led the way, even as utilities and consumer staples lagged behind. The boost came partly thanks to encouraging news of a US-Japan trade pact. Under the new agreement, imports from Japan face a reduced tariff of 15% (down from a potential 25%), alongside a promise of $550 billion in Japanese investment in the United States.
Automakers shared in the excitement as US-listed shares of Japanese giants like Toyota and Honda surged over 13%, and Detroit’s own Stellantis and General Motors posted healthy gains. In the tech arena, Tesla edged higher, while Nvidia, Meta Platforms, Broadcom, Microsoft, and Amazon saw modest increases even though Alphabet and Apple experienced slight dips.
This upbeat trend resonates beyond Wall Street, inspiring tech-savvy investors across South and Southeast Asia. Whether you’re checking the latest updates on your mobile or catching up over a cup of chai, today’s market rally underscores the dynamic interplay of global trade and tech innovation. Stay tuned for more trends that shape our fast-paced, interconnected world! 💡
Reference(s):
US stocks close higher amid investor optimism for major tech earnings
cgtn.com
