Wall Street wakes up: Tesla, Amazon surge over 5%
The post Wall Street wakes up: Tesla, Amazon surge over 5% appeared on BitcoinEthereumNews.com.
The United States and China tariff pause just injected a dose of rocket fuel into Wall Street. This move has managed to flip the market narrative and put new all-time highs firmly back on the radar. The two nations’ agreement has sent out a wave of relief through semiconductor land and beyond. Overnight, major stocks made pre-market moves. Elon Musk’s Tesla recorded a 7.6% surge in the pre-market session and bagged a 5.9% jump when the market opened for trade. Similarly, Nvidia is up by 3.8%. Meta, which was running up by 5% in the pre-market session, managed to hold on to the lead when the trading opened. Amazon, Apple lead Wall Street rally on US-China tariff truce The pre-market bullishness shifted in the live sessions as Amazon spiked 7%, Alphabet bounced by almost 3%, and Microsoft remained positive but marginally. AMD, Broadcom, and Qualcomm all jumped between 3% and 5%. Marvell rocketed 6.5% as it postponed its investor day last week due to macro uncertainty. 🚀 SHARES OF MEGA CAPS STOCKS RISE 🔸 TESLA $TSLA UP 6%🔸 NVIDIA $NVDA UP 4%🔸 AMAZON $AMZN UP 7%🔸 APPLE $AAPL UP 5%🔸 META $META UP 5% pic.twitter.com/bOWK2rlbqO — Jesse Cohen (@JesseCohenInv) May 12, 2025 Taiwan Semiconductor’s US-listed shares rose 4% before the opening bell but fell during live trading, and Apple popped over 5%. The IOS giant still manufactures 90% of its iPhones in China and recently warned tariffs would add $900 million to its costs this quarter. India leads as Asia stocks climb Asia-Pacific stocks also surged on Monday after the two biggest economies announced a deal that includes a 90-day pause on tariffs and a sharp 115% point drop in reciprocal tariffs. Hong Kong markets led the regional charge, with the Hang Seng Index soaring 3.32% and the Hang Seng…
