S&P opens at record high
The US stocks are opening sharply high after the weekend trade truce with China. The S&P indes opens at a record high. The high today has reached 2976.80 so far. The prior intraday high is at 2964.15. The Nasdaq all-time high comes in at 8176.08. It's early session high is at 8150.447.
The S&P had its best 1H in 2 decades. The gains was 17.3% (best since 1997).
Last month the Dow had its largest June gains since 1938 (+7.2%).
The current snapshot is showing:
- S&P index, +34.42 points or 1.17% at 2976.30
- NASDAQ index +134.40 points or 1.68% at 8140
- Dow industrial average +266points or 1.0% at 26863
Chip stocks are higher as US also eased restriction on Huawei.
- Micron, +6.63%
- Broadcom, +5.25%
- Nvidia, +4.22%
- AMD, +4.18%
- Qualcomm, +3.5%
- Intel, +2.17%
Other big gainers today:
- Alibaba, +4.18%
- Apple, +2.86%
- Bank of America, +2.66%
- Tesla, +2.52%
- Caterpillare +2.12%
- American Express was 2.08%
- Citigroup, +2.07%
- IBM +2.03%
Losers include:
- Beyond Meat, -4.01%
- Chewy, -1.7%
- Boeing, -0.82%
- Walt Disney, -0.02%
