📰 Summary

Nvidia’s surge lifted the Nasdaq to a new all-time high Wednesday, even as the Trump administration announced new tariffs on goods from six countries. Despite trade tensions, all three major U.S. indexes rose. Nvidia’s stock climbed 1.8%, briefly pushing its valuation above $4 trillion—an all-time global record.

Markets are increasingly shrugging off tariff volatility, focusing instead on strong corporate earnings and a resilient economy. Investors are also watching the Fed, which remains split on whether to cut rates this year. Meanwhile, volatility dropped, bond yields declined, and traders prepared for upcoming earnings reports.

💹 Market Reaction

• Nvidia: +1.8% to $3.974 trillion market cap

• Nasdaq: +0.9% (new record)

• S&P 500: +0.6%

• Dow: +0.5%

• VIX: fell below 16

• 10Y Treasury Yield: ↓ to 4.34%

• Copper: -3.6%

• Williams-Sonoma: +2.7%, Stanley Black & Decker: +1.7%

🔍 Key Takeaways

• Nvidia leads tech rally despite escalating tariffs

• Market expects Fed to remain cautious, with some open to cuts

• Signs of economic resilience (strong demand, tame inflation) boosting optimism

• EU trade discussions ongoing; no Trump letter received (yet)