U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
U.S. stocks ended higher Thursday, lifted by Nvidia’s (NASDAQ:NVDA) strong quarterly performance, despite investor unease over conflicting court rulings on Trump-era tariffs. The S&P 500 gained 0.40%, the Dow rose 0.28%, and the Nasdaq added 0.39%.
Nvidia shares climbed 3.2% after it reported robust sales fueled by a surge in demand for AI chips ahead of U.S. export restrictions to China. However, the company warned the new curbs could cut $8 billion from next quarter’s sales. Nvidia is now up just 3.6% year-to-date and was the final "Magnificent Seven" tech giant to report this season.
The session was marked by volatility after a late-day appeals court ruling reinstated sweeping tariffs introduced by former President Donald Trump, just a day after a lower court had blocked them. Market watchers, however, appeared less reactive. "These court rulings are just headlines," said Adam Sarhan of 50 Park Investments, noting Trump often rolls back tariffs after making bold announcements—a trend dubbed "TACO" (Trump Always Chickens Out).
Salesforce (NYSE:CRM) fell 3.3% despite raising its annual forecasts, while Best Buy (NYSE:BBY) sank 7.3% on weaker sales guidance due to tariff concerns. Boeing (NYSE:BA) rose 3.3% after announcing plans to ramp up 737 MAX production.
Investors are focusing on corporate earnings as a key driver. “It’s about earnings in general,” said Oliver Pursche of Wealthspire Advisors. First-quarter GDP data showed a 0.2% contraction, slightly better than the expected 0.3% decline.
Market breadth was strong, with advancing stocks outnumbering decliners 2.26-to-1 on the NYSE and 1.48-to-1 on the Nasdaq. Trading volume hit 18.65 billion shares, above the 20-day average of 17.7 billion, reflecting heightened investor activity amid mixed economic and policy signals.
