TGIF, traders! 🥂 As the week wraps, here’s your quick-fire ...

TGIF, traders! 🥂

As the week wraps, here’s your quick-fire market recap — tech surged, tariffs whipsawed and volatility kept traders on their toes 👇

WEEKLY RECAP
⚖️ A tariff tug-of-war is brewing as federal court blocked Trump’s global tariffs midweek, but a swift appeal reinstated them temporarily. Dow Jones, S&P 500 & Nasdaq futures slipped slightly as legal uncertainty rattled trade outlooks.

🇪🇺 Trump postponed a 50% tariff on EU auto imports to July 9, giving investors a short-term breather. Still, the delay keeps trade tensions simmering as Europe braces for the next move.

💻 Nvidia smashed revenue forecasts, reporting Q1 earnings of $44.1B, driven by strong AI demand. However, the China H20 chip ban weighed on EPS, and the company expects to miss out on $8B in sales in Q2. Still, shares climbed 5% on the back of its robust top-line performance.

References
Yahoo! Finance