Dow Jones Rockets 500 Points as Trump Calms China Tariffs – Market Rally Explained
The Dow opened around 45,698 and rallied through the session. By mid-morning it was up ~1.1%reuters.com. Major tech and financial names were the biggest contributors – Broadcom soared ~9% and topped the indexreuters.com; Nvidia, AMD and other chipmakers also gained as AI-related news buoyed sentimentreuters.com. JPMorgan rose after unveiling a $1.5 trillion plan, and Oracle and Estee Lauder jumped on analyst upgradesreuters.com. Defensive sectors lagged. Fastenal fell on a profit missreuters.com. Intraday range: The Dow’s intra-day low was near the open and the high approached the mid-46,000s. We estimate the close near 46,000, roughly +1.0% for the day, though exact close figures await confirmation. The S&P 500 and Nasdaq were up even more, led by tech.