Apple's stock price climbs push the Nasdaq index higher

The three major U.S. stock indexes performed strongly during the session, driven by a surge in Apple's (AAPL) share price of more than 5%. The Nasdaq Composite Index rose 1.02%, the Standard & Poor's 500 Index rose 0.68%, and the Dow Jones Industrial Average rose 0.25%. Apple's share price surged mainly by the company's announcement that it would work with President Trump to announce a new $100 billion domestic manufacturing investment plan at the White House.

Corporate earnings boost market sentiment

Today's rise in U.S. stocks was also boosted by the better-than-expected financial performance of a number of companies. Disney (DIS) reported its third-quarter earnings report that it exceeded Wall Street expectations thanks to strong performance in its park and streaming businesses. In addition, Disney announced that it would acquire media assets from the NFL to further deepen its relationship with the league.

Technology stocks diverge

Although Apple shares rose, other technology stocks performed mixed. AMD's share price fell due to restrictions on chip exports to China, dragging down NVIDIA's trend. Server makers Super Micro Computer (SMCI) and Snap(Snapchat parent company (SNAP) fell 20.49% and fell respectively due to earnings that fell short of expectations.

Performance of strong and weak stocks

Among U.S. stocks today, Arista Networks(ANET) shares rose 17.59%, Assurant (AIZ) rose 11.48%, and Match Group(MTCH) rose 9.93%. In contrast, Supermicro Micro, Mosaic (MOS) and NRG Energy (NRG) fell 20.49%, 11.81% and 14.76% respectively.

Trade tensions remain

As Trump's new tariff deadline approaches, U.S. trading partners are stepping up negotiations to avoid new trade obstacles. The Swiss president flew to Washington, hoping to avoid imposing tariffs of up to 39% on his country's goods. At the same time, Trump imposed an additional 25% tariff on India's purchases of Russian oil, indicating that trade tensions still exist.

Other market developments

In futures markets, oil prices rose, while gold futures and 10-year Treasury yields were little changed. The dollar weakened against the euro, sterling and yen. Cryptocurrency prices generally rose, indicating an increased appetite for risky assets.