Wall Street Gains on Tech Stock Surge

Wall Street experienced a significant uplift on Thursday, primarily driven by the robust performance of tech stocks. Notable companies such as Nvidia, Meta, Amazon, Tesla, and Microsoft each saw an approximate 2% increase in their stock values. The semiconductor sector, represented by Microchip Technology Inc. and ON Semiconductor, witnessed even more dramatic rises, with gains of 10.48% and 7.67%, respectively.

Trade War Developments Under Scrutiny

Amid the market's upward trajectory, investor attention remained sharply focused on the evolving landscape of international trade relations. Chinese officials, including Ministry of Commerce representative Guo Jiakun, clarified that no trade negotiations with the United States are currently taking place, refuting earlier reports of progress. Guo emphasized the need for the elimination of what he described as "unilateral" trade barriers.

Market Indices Show Positive Momentum

By mid-morning, the Dow Jones Industrial Average had climbed 0.73%, adding 290 points, while the Nasdaq 100 and the S&P 500 recorded increases of 1.85% and 1.32%, respectively. In currency markets, the euro appreciated by 0.59% against the dollar, reaching $1.13788.