The US stock market witnessed a tremendous rise on Monday when speculation of Donald Trump reduced tariffs filled the investors.
-
Dau Jones closed at 42,583 with a gain of 597.97 points.
-
S&P 500 reached 5,767 by jumping 1.76% i.e. 100 points.
-
Nasdaq rose 2.27% or 404 points to close at 18,188.
Tech shares shine, Tesla and Nvidia shine
Tesla was the most powerful share of the day with a brilliant lead of 12%.
Chipmakers led by Nvidia performed vigorously.
It was considered to be the worst quarter of the year for tech companies, but the market decline is now signs of ending.
What do analysts say?
Ivan Finseth (Tigress Financial):
“The worst phase of the market’s decline has passed. Trump’s tariff policy will show a boom in the volume next month.”
Thierry Visman (McCweri):
“The period of ‘maximum turmoil’ is over in tariff policy. Now more logical policies will be seen”.
Jpmorgan and morgan stanley:
“The market has touched the lower level, now there are good opportunities for investors.”
Crypto and commodity market also boom
The 10-year-old Treasury Yield increased by 4.33%. Crude oil prices also rose due to Trump’s 25% tariff threats on oil purchases from Venezuela.
Blackrock announced: Still the best opportunity to invest
Blackrock’s strategists said, “American stocks are right now to invest.”
According to Christian Floro of Principal Asset Management,
“If the companies support the earnings (profits) valuations, then there will be further boom in the market.”
Advice for investors
Do not ignore the current boom of the market.
Keep an eye on the earnings report and tariff policies.
Take advantage of the boom in tech shares.
