DJIA Rises 588 Points Following Greenland Framework Agreement; Intel Surges 12%, Leading Tech Stocks

Written by Emily J. Thompson, Senior Investment Analyst

Source: aastocks

Updated: 1d ago

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Source: aastocks

Market Reaction to Trump's Announcement: US President Donald Trump announced a pause on new tariffs for Europe and a framework agreement regarding Greenland, resulting in a significant rise in market sentiment, with major US indices posting substantial gains.
Stock Performance Highlights: The DJIA surged over 800 points, closing at 49,077, while the S&P 500 and Nasdaq also saw notable increases, with tech stocks, particularly chip manufacturers like NVIDIA and Intel, leading the rebound.
Gold and Silver Market Update: Gold prices surpassed USD 4,700 per ounce for the first time, while silver experienced a slight decline from its recent high.
Tech Stocks Surge: Major tech companies saw impressive stock performance, with Intel reaching a new 52-week high and other firms like AMD and Micron also experiencing significant gains.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.