Wall Street rallies as trade optimism lifts tech stocks

Monday, 1 July 2019 23:31 WIB

DOW JONESS & P 500NasdaqSahamASWallstreet


Wall Street's main indexes rallied on Monday, with the S&P 500 hitting an all-time high, as technology stocks gained on growing optimism around U.S.-China trade talks and a likely reprieve for Chinese telecoms company Huawei.

The benchmark index hit an intraday high of 2,977.93 earlier in the session, as the truce agreed upon at the G20 summit boosted risk appetite.

Tech stocks, which are Wall Street's top performers so far in 2019, jumped 1.57%, with heavyweight Apple Inc’s 2.5% gain providing the maximum support.

Chipmakers with a sizable revenue exposure to China jumped, fueling a 3% gain in the Philadelphia Semiconductor index. Huawei suppliers Intel Corp rose 0.7%, while Micron Technology Inc surged 5.2%.

At 11:06 a.m. ET, the Dow Jones Industrial Average was up 167.07 points, or 0.63%, at 26,767.03 and the S&P 500 was up 23.70 points, or 0.81%, at 2,965.46.

The Nasdaq Composite was up 93.94 points, or 1.17%, at 8,100.18. Shares of Microsoft Corp, Alphabet Inc, and Inc also boosted the tech-heavy index.

Source : Reuters


  • U.S. stock index futures turned sharply lower Tuesday morning. Around 6:10 a.m. ET, Dow futures indicated a negative open of more than 110 points. Futures on the S&P and Nasdaq were both slightly...
  • Hong Kong stocks closed Tuesday with fresh losses as traders grow increasingly wary about the lack of news on the China-US tariffs talks with a deadline for fresh measures against Beijing just days aw...
  • Tokyo stocks closed marginally lower on Tuesday in cautious trade ahead of several key events this week, including the US Federal Reserve's policy decision. The benchmark Nikkei 225 index slipped 0.0...
  • Hong Kong stocks started on the back foot Tuesday morning following a negative lead from Wall Street as investors grow nervous about looming US tariffs on Chinese goods and a lack of news on trade tal...



Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.