Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
U.S. Imposes 25% Tariff on Select Brazilian Imports After Section 301 Trade Investigation 
Japan Core Inflation Seen Rising in June, Strengthening BOJ Rate Hike Outlook 
US Stock Futures Fall as Netflix Outlook, Chip Selloff and Iran Tensions Weigh on Markets 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software 
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.
