Stock Climb as Trump Brokers Historic Peace Deal
Stocks are back up today after Trump managed to bring peace between Israel and Hamas, and tech stocks in particular are doing well.
Quick overview
- The stock market rose today following President Trump's successful peace agreement between Hamas and Israeli leaders.
- The Dow Jones increased by 1.29%, while the S&P 500 and Nasdaq saw gains of 1.56% and 2.21%, respectively.
- Investors are optimistic about tech stocks, although ongoing trade tensions with China may introduce volatility.
- Natural gas prices have dropped to their lowest in weeks, and the peace deal could lead to a decrease in oil prices.
The stock market is up today after President Donald Trump was able to get Hamas and Israeli leaders to come to an agreement to end fighting in the region.
The Dow Jones climbed 1.29% on Monday as trading closed off. The S&P 500 added 1.56% as well, and the Nasdaq jumped 2.21% thanks to some excellent technology stock performances.
Trump said that he finalized a peace deal after travelling to Tel Aviv in Israel and Egypt this week, brokering a ceasefire between Hamas and Israel. He was able to secure the release of a number of Israelis who were being held captive by Hamas.
Stocks Expected to Surge
With at least temporary peace in the Middle East between longtime rivals, the stock market will have a chance to recover. Investors should look for tech stocks to continue to dominate but should also pay attention to the price of oil, which may go down as a result of the peace. Natural gas futures are down to $3.08 MMBtu right now, which is their lowest point in several weeks.
The trade war between China and the United States is continuing, and that tension is affecting rare earth metals most of all. China has significantly raised the price of tariffs on these products, leaving the United States struggling to meet their own needs for these metals, especially for military components.
Tech stocks may continue to be volatile while the trade war rages on since China is targeting Nvidia (NVDA) and other tech companies over their domination of the Chinese market. Nvidia’s stock climbed on Monday, though, adding 2.82% to their already high stock price.
Advanced Micro Devices (AMD) is pressing hard to take as much of the AI market as they can, and their partnership with Oracle has led to the production of 50,000 additional chips. AMD stock is up by 1.49% in premarket trading, adding to its Monday gain of 0.71%. The swift upswings early on this week could be hampered by further trade disputes between China and the United States, though, and investors need to keep that in mind.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save