Wall Street's Tech-Driven Surge

In a notable uptick, Wall Street's major indexes climbed on Thursday, powered by significant gains in the tech sector. Giants like Nvidia, Meta, Amazon, Tesla, and Microsoft saw their stocks rise by approximately 2%, while semiconductor leaders Microchip Technology Inc. and ON Semiconductor experienced even more dramatic increases of 10.48% and 7.67%, respectively.

Trade War Updates Stir Investor Focus

Amidst the market's tech rally, investor attention remained sharply tuned to the latest developments in international trade relations. Chinese officials, including Ministry of Commerce representative Guo Jiakun, clarified that no trade negotiations with the United States are currently in progress, countering rumors of bilateral progress. Guo emphasized the need for the elimination of "unilateral" trade barriers, highlighting ongoing tensions.

Market Indexes Show Strong Performance

By mid-morning, the Dow Jones Industrial Average had advanced by 0.73%, adding 290 points, while the Nasdaq 100 and the S&P 500 posted gains of 1.85% and 1.32%, respectively. Concurrently, the euro appreciated by 0.59% against the dollar, trading at $1.13788.