U.S. and China Trade Deal Boosts Tech Stocks, Tesla Surges

Following the U.S. and China trade agreement to slash tariffs, tech stocks surged, with Tesla rising 7.8% in premarket trading. The deal is seen as bullish news for the tech industry, reducing supply chain concerns. Tesla, known for its productive car plant in China, saw a significant increase as Chinese companies like Alibaba, JD.com, and Baidu also rose. Meanwhile, pharmaceutical companies like Eli Lilly and Pfizer declined after President Trump's announcement on drug cost reduction.

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