FX.co ★ US Stocks Post Strong Gains

On Thursday, U.S. stocks advanced, with the S&P 500 and the Nasdaq both climbing by 0.8% each, and the Dow Jones rallying nearly 500 points. This upward trend was driven by President Trump's announcement to halt plans for new tariffs on select European countries, following a "framework agreement" concerning Greenland reached after discussions with the NATO Secretary General. Additionally, investor sentiment was buoyed by reports that Alibaba Group is set to list its semiconductor division and optimistic remarks from Nvidia’s CEO. Prominent tech stocks experienced gains, including Nvidia (+0.5%), Microsoft (+1.1%), Apple (+0.9%), Amazon (+0.7%), Meta (+3%), Alphabet (+1.6%), Broadcom (+1.1%), and Tesla (+0.5%). Positive U.S. economic indicators further supported market confidence, with Q3 GDP growth revised upward to 4.4% from the previous 4.3% estimate, and a reduction in weekly jobless claims to 200,000. On the other hand, General Electric fell by 5.7% despite surpassing earnings expectations, while Procter & Gamble increased by 2.3% despite a revenue shortfall.