US Stock Market Move | Nasdaq surges by 4%, collectively raising the stock prices of star technology companies.

On Wednesday, the Nasdaq opened high and rose sharply by 4%. Star technology stocks collectively rose, with Amazon.com, Inc. (AMZN.US) and Advanced Micro Devices, Inc. (AMD.US) both rising by over 7%, Meta Platforms (META.US) rising by over 6%, and Tesla, Inc. (TSLA.US) and NVIDIA Corporation (NVDA.US) rising by over 4%. On the news front, comments from US Treasury Secretary Janet Yellen boosted investor sentiment. Yellen admitted on Tuesday at a closed-door meeting at JPMorgan Chase that the trade war initiated by Trump may be "deescalating," and that no one believes the current situation is sustainable. Analysts believe this marks a possible turning point in the longstanding economic confrontation. Additionally, US President Trump stated on Tuesday evening that he has no intention of dismissing Federal Reserve Chairman Powell, and hinted that tariffs on imports from other countries may be reduced, softening his stance and boosting market sentiment.