Consumer Confidence Lifts Market Sentiment
Markets opened strong this week, lifted by surprisingly upbeat consumer confidence data. With household sentiment improving, investors are growing more optimistic about summer spending and broader economic momentum.
Trade Ruling Signals Policy Shift
A major legal ruling also made waves. The U.S. Court of International Trade found that former President Trump exceeded his authority when imposing blanket tariffs under the IEEPA. Although the tariffs remain in place for now due to an emergency stay, the decision signals a possible shift in U.S. trade policy — something Wall Street is watching closely.
Nvidia’s Earnings Reinforce AI Leadership
Meanwhile, Nvidia delivered another blockbuster earnings report. Surging demand for its AI chips pushed revenue to new highs, reinforcing its role as a driving force behind this market cycle.
Inflation Cools, Boosting Rate Cut Hopes
To cap it off, fresh inflation data came in cooler than expected, adding to the week’s optimism. Hopes are rising that the Fed may hold — or even cut — interest rates if disinflation continues.