Trump tariffs, Nvidia opens $4 trillion market capitalization, Mark Zuckerberg’s big summer: bid takeout
That’s not the case in the slow summers in the market.
Traders took part in Wednesday’s session, diluting more presidential Trump tariff disruptions and robbing copper prices higher. This adds to new uncertainty about the future of the Federal Reserve.
But about ten minutes after the opening bell on Wall Street, investors shook it and focused on AI chip darling nvidia (NVDA). The company has surpassed the $4 trillion market for the first time (see analysis above).
There are everything that touched during Yahoo Finance’s Opening bid on wednesday.
The off-cuff move for President Trump to slap copper imports at 50% tariffs should remind investors of one important point. In this administration, we must always be surprised.
Copper stock plays Freeport-McMoran (FCXand Southern Copper Corporation (Sacco) Early trading dropped 5% and 3% respectively.
“I think (copper tariffs) were just a reminder that the market doesn’t move linearly.
Lerner remains Busy in the market.
The “apprentice” style fight that will become President Trump’s federal chair pick is getting heated, according to the Wall Street Journal. Two top candidates – former Fed Governor Kevin Waush and Director of the National Economic Council Kevin Hassett – While certainly qualified, it reinforces Wall Street concerns about the Fed’s independence. Both are seen as important economic ally of Trump.
“If one of Kevins comes in and takes over, we’re probably ready for a more controversial conversation in the upcoming FOMC,” said Victoria Fernandez, chief market strategist at Global Investments. “That doesn’t necessarily mean they can lower the rate.”
Meta (Meta) CEO Mark Zuckerberg remembers the summer, poaching top AI talents such as Alexandre Wang, who has a big salary. On July 4th, he posted a video of him wake surfing in an Eagle costume on Instagram. And now his company is removing the reported $3.5 billion to increase its shares in eyewear maker Essilorluxottica.
Meta lost $4.2 billion in the reality lab division in the recent quarter. However, Meta’s stocks rose 25% this year, but Apple (aapl) Inventory has decreased by 16%. After all, Apple has a lot of tariff revelations!
“I think Meta is a good basic place,” Fernandez said.