On Friday, US Wall Street stocks surged after yesterday's positive gains as major companies' earnings reports became the focus of investors.
All three major indexes strengthened, supported by strong earnings from large technology industries such as Microsoft and Meta in easing artificial intelligence (AI) spending.
The S&P 500 index rose 0.63%, the Dow Jones rose 0.21% while the tech-focused Nasdaq rose 1.52%.
In addition, the rise in these major indexes was also driven by good negotiations between two major countries, the US and China, in an effort to resolve the trade war issue.
This was confirmed after Trump reduced the automotive tariffs on foreign parts used in US car production, while the Republic of China exempted ethane from the 125% tariff on US imports.
However, Apple shares fell 3.8% and Amazon slid 3% due to high tariffs on Chinese imported goods.
This situation has left investors frustrated and worried about Trump's tariffs despite relief over the progress of US-China negotiations.
In conclusion, US stock market trading volume recorded $16.15 billion compared to an average of $19.56 billion over 20 full trading days.
