The strong performance of tech stocks pushed the US stock market higher on Tuesday, with NVIDIA up 3.4%, Micron Technology up 10.5% and positive earnings from Foxconn.
On Tuesday, the S&P 500 rose 0.55%, while the Nasdaq rose 1.24%, but the Dow Jones Industrial Average fell slightly by 0.06%.
FuboTV shares surged more than 251% after Disney announced plans to merge Hulu + Live TV with the streaming company.
The news has excited investors, causing Fubo shares to soar.
In addition, there are reports that Trump's proposed tariffs may not be as bad as most experts expected.
This has contributed to positive market sentiment and eased concerns about global trade tensions, providing a boost to the market.
Investors remain hopeful that the stock market's rise will continue with this positive development.
