🇺🇸 Markets on Wednesday #DowJones -0.58% Nasdaq -0.51% S&amp...

🇺🇸 Markets on Wednesday
#DowJones -0.58%
Nasdaq -0.51%
S&P500 -0.56%

Big movers in trade
👎 Okta -16% after the identity management software company kept its guidance steady despite a better-than-expected quarter

👍 Quarterly result reactions: Abercrombie & Fitch +14% & Dick’s Sporting Goods +2%

Fed released minutes from its May meeting ✍️
Flagged rising inflation and recession risks

Reason that US Futures are spiking?
a. Federal court knocked down President Donald Trump’s “reciprocal” tariffs
👉 U.S. Court of International Trade ruled that Trump overstepped his authority when he imposed his “reciprocal” tariffs.

b. Solid earnings from artificial intelligence heavyweight Nvidia also buoyed the market
👍 Chipmaker exceeded expectations on the top and bottom lines in the first quarter
👍 Data center business recorded year-over-year growth of 73%

Other Asset Classes
🇺🇸 10-year Treasury yield at 4.5%
💲Dollar Index spikes to at 100.2
⛽️ Brent Crude at 65.7$/barrel
💸 Bitcoin at 100810$
🪙 Gold at 3,300$/ounce