On this episode of Stock Movers:
- Nvidia (NVDA) is higher this morning following the US-China trade announcement. The biggest US chipmaker along with other chipmakers are rising on the news due to heavy exposure to Asian markets. Other Mag 7 stocks are also jumping on the news.
- Delta (DAL) shares popped this morning as travel stocks react to easing global trade tensions and lessening odds of a recession. It also comes after Delta and Korean Air agreed last week to buy a stake in WestJet amid uncertain US relations with Canada.
- Nike (NKE) is up along with other consumer stocks after the US-China trade truce announcement. Consumer firms with large China exposure rally, including Nike, Starbucks, Amazon, and Wayfair among others are rising on the news.
- Maersk (AMKBY) shares also increased today as shipping and transportation stocks move higher as ports can expect more trade and consumer activity.
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