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<US>DJIA Trims Gains to End Up 419 Pts; Nasdaq Surges 2.5%, as Tesla Outpaces with 5% Leap
Reports that the U.S. is weighing reductions in tariffs on Chinese imports raised hopes of de-escalating U.S.-China trade tensions, driving a rally across major U.S. stock indices ...
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<US>DJIA Trims Gains to End Up 419 Pts; Nasdaq Surges 2.5%, as Tesla Outpaces with 5% Leap
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Reports that the U.S. is weighing reductions in tariffs on Chinese imports raised hopes of de-escalating U.S.-China trade tensions, driving a rally across major U.S. stock indices on Wednesday.

The Nasdaq surged 4% (729 points) early, breaking 17,000, before closing up 2.5% (407 points) at 16,708. The DJIA soared as much as 3% (1,189 points), surpassing 40,000, but ended up 1.1% (419 points) at 39,606. The S&P 500 gained 1.7% (88 points).

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Despite a 71% YoY 1Q profit plunge that sharply missed expectations, Tesla (TSLA.US)      climbed 5.4% at close, uplifted by the “Magnificent Seven” rally. CEO Elon Musk announced plans to hugely reduce time spent on the Department of Government Efficiency (DOGE) next month.

Amazon (AMZN.US)      shot up 4.3%. Apple (AAPL.US)      and Meta (META.US)      , despite facing nearly USD800 million in EU fines, gained 2.4% and 4%, respectively. NVIDIA (NVDA.US)      advanced nearly 4%.

Intel (INTC.US)      , reportedly planning over 20% layoffs, jumped up 5.5%. Boeing (BA.US)      narrowed its 1Q loss to USD31 million and planned to seek 737 Max production increases by year-end, boosting shares 6% post-earnings.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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