US stocks close higher led by the Nasdaq

The major US stock indices are closing higher on the day. The NASDAQ index is the strongest of the indices with a gain of 0.63%. Hopes for an agreement with China and the US helped to support the market.

A snapshot of the closing levels shows:

• Dow Industrial Average rose 105.11 points or 0.25% at 42866.87.
• S&P index rose 32.93 points or 0.55% at 6038.81.
• NASDAQ index was 123.75 points or 0.63% at 19714.99.

Looking at some gainers, the chip sector did well today:

• Intel shares rose 7.95% helped by strong option buying. There was no news to support the surge.
• AMD shares rose 1.24%.
• Micron rose 2.88% will
• Nvidia shares rose 0.93%.

Looking at other gainers:

• Tesla shares rebounded 5.67%
• Stellantis rose 4.72%
• Schlumberger rose 4.09%
• Whirlpool rose 4.02%
• Target rose 3.56%

This article was written by Greg Michalowski at www.forexlive.com.