As this trade war between China and the United States is going on, China has dogged the stock for almost a year. But, Investors still hope for the best today as President Donald Trump just declared that he is going to meet with the Chinese leader Xi Jinping at the G20 Summit which is going to be held next week.
Chip-Makers, strongly sensitive to relations between the two biggest and best markets for technology, and these topics get an eye of the news and jumped on the news. NVIDIA Corporation was up by 5.54% and Analog Devices was up by 4.61%. This is a great gain in the stock market for these two major companies of technology.
Stock market prices were quite high across the whole market. The broader Technology Sector was good but not as the chip stocks. Three of the four FAANG stocks were up with Netflix’s biggest gain of 1.83% and Facebook was still down by 0.29%. Cognizant Technology 1.85% and Akamai Technologies was up by 2.17%. These all have good gains except for Facebook it was a little low for Facebook but let’s see What Mark Zuckerberg is going to do in these circumstances.
Tomorrow is the day of the Fed so every investor’s Eyes will be on the Fed. The Federal Reserve Board’s two-day meeting is on Wednesday and the committee is also going to announce the cut in interest rates next month and let’s see what happens and so all of you guys hope for the best and stick for the best with this website.
