U.S. stock market trend | Dow Jones hits a new high, rises over 400 points Dell Technologies surges over 16%

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The market continues to look forward to the possibility that the United States and Iran could reach a long-term peace agreement through diplomatic negotiations. US stocks rose on Friday, with the Dow Jones extending its mid-range gains, widening to more than 400 points.

As of 11:48 p.m. Hong Kong time, the Dow Jones stood at 50,713 points, up 427 points or 0.85%; the S&P 500 was at 7,493 points, up 47 points or 0.64%; the Nasdaq was at 26,447 points, up 154 points or 0.59%. Dell Technologies’ share price was temporarily up by as much as 16.7%, setting a new intraday high of $294.9; Apple jumped 1.6%.

Earlier, the market had been concerned that the fighting in the Middle East could severely affect energy supply and drive up global inflation. However, as the United States and Iran have shown no signs of expanding the conflict, market sentiment has gradually stabilized. US allies have also continued to push for diplomatic talks; the United Arab Emirates has joined Saudi Arabia and Qatar in calling on US President Trump to give negotiations more room.

US Secretary of State Rubio said that the relevant mediation talks have made “some progress.”

Guy Miller, chief market strategist at Swiss insurer Zurich, said that the world is currently seeing the largest wave of capital expenditures since the financial crisis, which is driving corporate profits to new highs and creating a positive feedback loop that benefits supply chains and other businesses at the same time.

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