US Stock Market Move | Nasdaq rose by 1.45%, tech stocks surged, Intel Corporation (INTC.US) rose by over 4%.

On Monday, the three major US stock indexes opened higher, with the Nasdaq soaring 1.45%. Star tech stocks rose across the board, with Intel Corporation (INTC.US) up over 4%, Tesla, Inc. (TSLA.US), NVIDIA Corporation (NVDA.US), and Alphabet Inc. Class CA (GOOGL.US) all up over 2%, and Apple Inc. (AAPL.US) and Microsoft Corporation (MSFT.US) up over 1%. On the news front, China and the US reached a basic consensus on economic and trade negotiations, with the US Treasury Secretary stating that they no longer consider imposing a 100% tariff on China. Additionally, expectations for a rate cut by the Federal Reserve have increased, with markets generally expecting a 25 basis point cut again this week.