If investors are worried about an AI bubble, Tesla bull Leo Koguan is attempting to put those fears to rest. Known for his stake in the EV maker, Koguan has reportedly expanded his portfolio into Nvidia (Nasdaq; NVDA) stock.
All three of the major stock market averages are now trading in the green, and the Nasdaq Composite is out front with a 1.4% advance. Amazon (Nasdaq; AMZN) is among those leading with charge with a 3%-plus gain, while Tesla is also racing forward. Micron Tech is soaring by 5% and is touching on the $400-per-share level. Not to be outdone, AppLovin (Nasdaq: APP) is gaining 7.5% in today’s tech comeback.
Separately, the private sector added 63,000 jobs last month, a stronger-than-expected showing for the American labor market.
White House official Treasury Secretary Scott Bessent signaled that a 15% tariff rate is expected to take effect this week, with rates set to revert to their prior levels in approximately five months.
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This article will be updated throughout the day, so check back often for more daily updates.
After wiping out roughly $1 trillion in value this week in a war-driven sell-off, the markets are back in the land of the living. Reports indicate that Iran has reached out to the White House for talks. The Nasdaq Composite and S&P 500 are trading higher, while the Dow Jones Industrial Average is posting modest declines. Tech stocks Micron Tech (Nasdaq: MU | MU Price Prediction), Tesla (Nasdaq: TSLA) and ASML Holding (Nasdaq: ASML) are each up over 2% in early morning trading, helping to buoy the Nasdaq Composite higher. Nevertheless, volatility persists as stocks continue to react to the latest headlines.
With negotiations on the horizon, fears of supply constraints around oil and natural gas have eased somewhat, with WTI Crude oil now trading slightly lower. Natural gas prices have also pulled back, retreating from this week’s rally. White House officials have also promised to prop up oil trading as the Mideast war unfolds.
The Deutsche Bank CEO has reportedly stated that the Iran war’s impact on the economy will persist for the duration of the battle.
Here’s a look at where things stand as of morning trading:
Dow Jones Industrial Average: 48,42951 Down 71.76 (-0.15%)
Nasdaq Composite: 22,621.76 Up 120.17 (+0.53%)
S&P 500: 6,825.38 Up 3.75 (+0.07%)
Oppenheimer analysts have reemphasized their “perform” rating on Apple (Nasdaq: AAPL) on the heels of the company’s latest product suite updates.
Wedbush has reiterated its “outperform” rating on a trio of tech titans, Amazon (Nasdaq: AMZN), Meta Platforms (Nasdaq; META) and Alphabet (Nasdaq: GOOGL), on digital ad strength.
Bitcoin is on the comeback trail, with recent buying buoying the flagship cryptocurrency back above the $70,000/coin threshold, its best level in weeks. Digital asset exchange Coinbase (Nasdaq: COIN) is rising 10.4% as CEO Brian Armstrong declares crypto trading is alive and well.
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Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
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