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- Chips, Tesla, and Trade Push Nasdaq Higher
Chips, Tesla, and Trade Push Nasdaq Higher
5 articles I'm watching carefully
Tyler Dupont
July 03, 2025
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Tyler Dupont  Good morning 👋 Here's the latest news I'm tracking today. |
📈 Stocks / Finance
Chips, Tesla, and Trade Push Nasdaq Higher
Nasdaq gains +0.67%, led by chip stocks and +4% rise in Tesla on China delivery growth. Apple and Nvidia rise >1%. Broader rally capped by weak ADP jobs data and -38% plunge in Centene. Trump–Vietnam trade deal and pending tax bill vote fuel optimism.
Apple Gets Upgrade Amid Flat iPhone Outlook
Jefferies upgraded Apple to hold with a new $188.32 target, citing short-term stability from China demand and tariffs. Long-term concerns persist due to weak iPhone 17 features and delayed AI Siri rollout, now expected in spring 2026. Stock closed up 2.2% at $212.44.
Gold Hovers Near $3348 as ADP Jobs Data Looms
Gold traded at $3344.28 early Wednesday, testing a $3347.97 pivot ahead of the ADP report. A weak labor print could reinforce Fed rate cut bets and spark a rally toward $3358.09 or $3400. Despite rising yields, deficit concerns continue to support gold prices.
🪙 Crypto
Ethereum Slips Below $2,400 Despite $272M in Institutional Buys
Ethereum fell 3.3%, breaking key support to trade near $2,373 amid U.S. political turmoil. Despite the drop, SharpLink and BitMine disclosed over $272M in ETH purchases, signaling growing institutional confidence in long-term Ethereum utility.
🌎 Global Economy
BRICS Expansion Boosts Global South Influence
BRICS now comprises 11 members, including Indonesia, contributing 30% of global GDP and over 50% of global growth. Its expanded trade, tech cooperation, and energy footprint have made it a magnet for emerging economies seeking inclusive, multipolar global governance.
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