š Nasdaq Hits New High as Wall Street Ignores Tariff Tantrum
Crypto, chips, and CPI expectations keep bulls in the game ā for now.
šļø What Just Happened:
Wall Street kicked off the week with a confident shrug.
Despite Trump threatening a fresh wave of tariffs ā this time 30% on Mexico and the EU, and a nuclear-level 100% āsecondaryā tariff threat on Russia ā markets stayed green.
The Nasdaq (^IXIC) notched another record close, up 0.27%, while the S&P 500 (^GSPC) and Dow Jones (^DJI) ticked up slightly. Big Tech once again carried the weight as traders rotated back into risk assets ahead of a monster CPI report and the start of Q2 earnings season.
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