07.10.2019 18:15:00

Why ASML Holding Stock Gained 12.4% Last Month

Shares of ASML Holding (NASDAQ: ASML) climbed 12.4% in September, according to data from S&P Global Market Intelligence. The semiconductor equipment stock benefited from momentum for the broader market and gained ground following the company's presentations at conferences. The stock market advanced early in the month following news that the U.S. and China would resume trade negotiations. ASML shares saw some additional positive momentum after the two countries took steps toward reducing trade tensions by exempting certain goods from import regulations and delaying some tariffs. The semiconductor industry has faced substantial pressure from the ongoing trade dispute, and signs of potential progress on a deal coincided with increased bullish sentiment on ASML stock last month.Image source: ASML.Continue reading
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