Big Techs Gain. SMCI, Tesla, Palantir, AMD up over 1%; Meta, Nvidia, Amazon up Within 1%

TigerJul 28, 2025 8:08 AM

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Big techs gained in premarket trading. SMCI, Tesla, Palantir, AMD up over 1%; Meta, Nvidia, Amazon up within 1%.

The United States struck a framework trade agreement with the European Union on Sunday, imposing a 15% import tariff on most EU goods, half the threatened rate, and averting a bigger trade war between two allies that account for almost a third of global trade.

U.S. President Donald Trump and European Commission President Ursula von der Leyen announced the deal at Trump's luxury golf course in western Scotland after an hour-long meeting that pushed the hard-fought deal over the line.

"I think this is the biggest deal ever made," Trump told reporters, lauding EU plans to invest some $600 billion in the United States and dramatically increase its purchases of U.S. energy and military equipment.

Trump said the deal, which tops a $550 billion deal signed with Japan last week, would expand ties between the trans-Atlantic powers after years of what he called unfair treatment of U.S. exporters.

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