Tech lifts market as stocks close green for third straight day

American actions closed Thursday, driven by strong gains in technological companies in Megacap while investors analyzed mixed signals on the global trade policy of the White House and Beijing.

The NASDAQ composite climbed 2.74%, while the S&P 500 added 2.03%. The Dow Jones Industrial Average has lagged behind but still gained 1.23%, retained by a 6% drop in IBM shares after the company cited the government contracts lost due to budget cuts.

The actions of Nvidia, Meta, Amazon, Tesla and Microsoft All Rose, The wider market And push the technological sector above for a third consecutive day.

Discussions in China continue

The rally came despite the Chinese Ministry of Commerce denying any current negotiation with the United States and demanding the abolition of all existing prices.

Meanwhile, President Trump seemed to soften his toneWith the Treasury Secretary Scott Bessent stop to a potential agreement with South Korea next week.

Baird analyst Ross Mayfield expressed his skepticism about the sustainability of the rally.

“China was quite explicit, there are no negotiations in progress,” he said CNBC. “The market can still react to the signals that the administration wants an agreement.”

Despite optimism, investors remain cautious. The S&P 500 is still down 3.5% since the prices of Trump’s April 2, while the DOW decreased by 5.3% and the NASDAQ 2.8% over the same period.

For the future, the markets expect alphabet, Google and Intel income. Although the alphabet should not show the immediate effects of trade tensions, analysts will monitor any sign of impacts related to future prices. Intel results will mark the beginnings of the management of the new CEO LIP-BU Tan.

Bitcoin (BTC) exchanged in the range of $ 93,000 up to most of the day.