Reported about 22 hours ago
Amazon and Meta spearheaded a stock surge among the 'Magnificent Seven' tech giants following a temporary US-China trade truce announcement. Amazon's shares jumped 8.1% and Meta's 7.9%, while other major players like Tesla, Apple, and Nvidia also saw significant gains. The agreement, which includes reduced tariffs on Chinese goods, is expected to alleviate supply chain concerns, positively impacting these companies' revenues stemming from China.
Source: YAHOO