Daily Market Movers October 11th, 2019
The Dow Jones Industrial Average rose by over 400 points on Friday morning following optimism revolving around possible trade deals between the U.S. and China. The S&P 500 increased by 46.46 points or 1.58%, while the Nasdaq Composite gained 145.12 points or 1.83%.
The rally sent technology stocks higher during early morning trading sessions.
Apple Inc. (NASDAQ: AAPL) shares advanced by 1.77%.
Alphabet Inc. (NASDAQ: GOOG) rose by 1.21%.
Facebook, Inc. (NASDAQ: FB) increased by 2.88%.
Amazon.com, Inc. (NASDAQ: AMZN) rose by 1.42%.
Netflix, Inc. (NASDAQ: NFLX) shares gained 2.01%.
Notably, chipmaker stocks witnessed the largest growth during intraday trading sessions on Friday morning.
Micron Technology, Inc. (NASDAQ: MU) shares increased by 3.09%.
Advanced Micro Devices, Inc. (NASDAQ: AMD) shares surged by 3.77%.
NVIDIA Corporation (NASDAQ: NVDA) shares gained 2.69%.
Intel Corporation (NASDAQ: INTC) shares rose by 2.33%.
The uplifting news also sent Chinese-based stocks higher.
Alibaba Group Holding Limited (NYSE: BABA) skyrocketed by 5%.
JD.com, Inc. (NASDAQ: JD) increased by 5.6%.
Baidu, Inc. (NASDAQ: BIDU) shares gained 2.15%.
Ctrip.com International, Ltd. (NASDAQ: CTRP) shares rose by 6.4%.