Wall Street is poised to conclude the week on a cautious note, with equities easing on Friday after President Donald Trump signaled a more aggressive trade stance.
Jensen Huang sold $36.4 million worth of Nvidia stock over three days starting July 8, just ahead of the company briefly surpassing a $4 trillion market valuation for the first time.
Rubio also met with Chinese Foreign Minister Wang Yi on the sidelines of the ASEAN summit, describing the meeting as “constructive” and noting that both sides agreed to maintain dialogue and manage their differences.
Earlier this week, President Donald Trump said in a cabinet meeting that either a tariff letter or a deal with the EU would be coming in two days. However, there’s no new word on the matter yet.
As Bitcoin (CRYPTO: BTC) scaled a fresh new high on Friday, this analyst highlighted the potential in these Bitcoin miners that were undervalued, according to him. What Happened: Bitcoin hit a fresh high of $118,403.89 per coin on Friday, up over 106% in the last year.
FactSet said in a report released last week that the year-over-year earnings growth of S&P 500 companies would be 5%, marking the smallest increase since the fourth quarter of 2023.
Speaking at a discussion at the Official Monetary and Financial Institutions Forum in St. Louis on Thursday, Alberto Musalem said the tariff policy will take time to settle.
The Nasdaq Composite climbed to an all-time high of 20,641 after the opening bell before paring gains and slipping back into the red. The Dow Jones Industrial Average and S&P 500 hovered near the flatline.
