📈 Stocks / Finance

Market Turbulence Continues as Tariffs Take Center Stage

Investor’s Business Daily

Dow futures rose after Commerce Secretary Lutnick suggested Trump may roll back tariffs on Mexico and Canada, though major indexes fell Tuesday amid volatility. Nvidia and Supermicro rebounded but remain below key levels. The 10-year Treasury yield hit 4.23%, while China set a 5% GDP growth target.

Supermicro Rebounds as AI Stocks Rally

The Motley Fool

Super Micro Computer (SMCI) surged 8.5% after rebounding from a prior sell-off, driven by renewed investor interest in AI stocks. A $100B investment by TSMC in U.S. chip fabrication eased supply concerns. Tariff fears and China’s access to restricted Nvidia chips remain risks, but sentiment improved.

Gold Surges as Trade War Escalates

Reuters

Gold prices climbed 0.6% to $2,911.88 per ounce as a weaker dollar and escalating trade tensions fueled safe-haven demand. Trump's new tariffs on Canada, Mexico, and China triggered retaliation, pressuring the dollar. Bullion is up nearly 11% YTD, with Fed rate cut expectations adding further support.

🪙 Crypto

Bitcoin Faces Resistance at $94K Amid Market Volatility

CoinTelegraph

Analysts indicate that Bitcoin may encounter 'significant resistance' reclaiming the $94,000 level, following a recent dip to $87,190. This decline comes after a 12% surge, prompted by President Trump's crypto reserve announcement, was nullified by strong selling pressure.​

🌎 Global Economy

Tariffs Rattle Markets as S&P 500 Erases Post-Election Gains

Yahoo Finance

Asian markets and U.S. futures rebounded after Wall Street losses erased the S&P 500’s post-election gains. The U.S. imposed 25% tariffs on Canadian and Mexican imports and doubled China tariffs to 20%, triggering swift retaliation. Financial stocks dragged the S&P 500 down 1.2%, while Nvidia and Microsoft helped limit Nasdaq’s losses.