Wall Street wakes up: Tesla, Amazon surge over 5%
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 Tech Index skyrocketing nearly 6%.
Mainland China’s CSI 300 index also posted a solid gain by rising 1.16%. On the other hand, Indian equities exploded higher while riding a wave of relief after India and Pakistan agreed to a ceasefire over the weekend. The two rivals had been locked in their worst cross-border conflict in nearly 30 years. The Nifty 50 leapt 3.25% and the BSE Sensex climbed 3.12%.
Japan’s Nikkei 225 edged 0.38% higher to end at 37,644.26, with the broader Topix adding 0.31% to 2,742.08. South Korea’s Kospi gained 1.17% to close at 2,607.33, while the Kosdaq moved up 0.4% to 725.40. Australia’s S&P/ASX 200 gave up early gains to finish flat at 8,233.50.
The global crypto market also printed green all the way around as Bitcoin (BTC) managed to trade above $105K but retraced to the $104K zone. BTC price is running high by 10% over the last 7 days. Ethereum is turning the tide back and has added 42% gains in the same period. ETH is trading at an average price of $2,568 as of press time.
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Wall Street wakes up: Tesla, Amazon surge over 5%
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 Tech Index skyrocketing nearly 6%.
Mainland China’s CSI 300 index also posted a solid gain by rising 1.16%. On the other hand, Indian equities exploded higher while riding a wave of relief after India and Pakistan agreed to a ceasefire over the weekend. The two rivals had been locked in their worst cross-border conflict in nearly 30 years. The Nifty 50 leapt 3.25% and the BSE Sensex climbed 3.12%.
Japan’s Nikkei 225 edged 0.38% higher to end at 37,644.26, with the broader Topix adding 0.31% to 2,742.08. South Korea’s Kospi gained 1.17% to close at 2,607.33, while the Kosdaq moved up 0.4% to 725.40. Australia’s S&P/ASX 200 gave up early gains to finish flat at 8,233.50.
The global crypto market also printed green all the way around as Bitcoin (BTC) managed to trade above $105K but retraced to the $104K zone. BTC price is running high by 10% over the last 7 days. Ethereum is turning the tide back and has added 42% gains in the same period. ETH is trading at an average price of $2,568 as of press time.
Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
Read More