Trump says stocks and crypto are “only going higher from here”
The post Trump says stocks and crypto are “only going higher from here” appeared on BitcoinEthereumNews.com.
President Donald Trump told a crowd in Saudi Arabia on Tuesday that the markets are just getting started. “It’s going to get a lot higher,” he said, right as the S&P 500 posted its first gain since late February. The stock market and crypto both moved up, with the Nasdaq 100 climbing 1.6%, and the S&P 500 Index rising 0.72%. Bitcoin stayed well above $100,000, showing strength for the second day in a row. That same day, investor mood changed as China and the United States agreed to temporarily cut tariffs. That was the first time since February 28 that the S&P 500 ended in the green. The crypto market cap crossed $3.5 trillion, its highest since February 2. Wall Street’s energy was obvious. Nvidia spiked 5.6% after announcing a deal to send 18,000 AI chips to Saudi Arabia. That helped boost other chipmakers. Broadcom jumped almost 5%, and AMD added around 4%. Tech stocks run while Dow sinks While tech shares kept pushing upward, not every corner of the market followed. The Dow Jones Industrial Average dropped 269.67 points, or 0.64%, because UnitedHealth collapsed by 18%. Despite the Dow’s fall, Apple logged its fourth day of gains, Amazon its fifth, Goldman Sachs also moved higher for five straight sessions, and Disney extended its own streak to six days. Futures showed a quieter mood early Wednesday. S&P 500 futures were up 0.06%, Nasdaq 100 futures rose 0.1%, and Dow futures were flat. But the optimism from Tuesday’s bounce was still visible. Tech led the rally again, especially after Nvidia’s chip shipment news. The company’s plan to deliver thousands of AI chips overseas sent a strong signal, especially as chip stocks have taken center stage during 2025’s ups and downs. On the crypto side, the gains matched Wall Street’s mood. Traders…
Filed under: News - @ May 14, 2025 9:29 am