The Trump administration has simultaneously exempted tariffs on products such as chips and smartphones while hinting at the imposition of new tariffs on chips and other products. The uncertainty surrounding tariffs has suppressed the rebound momentum of the U.S. stock market, with all three major indices briefly turning negative during intraday trading on Monday, and international crude oil also fluctuating downwards several times. However, the sell-off in U.S. Treasuries has paused, and Treasury yields have fallen across the board. Federal Reserve officials expect the impact of tariffs on inflation to be temporary.
According to Xinhua News Agency, the U.S. government's relevant online platform quietly released information last Friday night, exempting electronic products such as smartphones, laptops, and chips from so-called &#34;reciprocal tariffs.&#34; Trump proposed on Monday that the possibility of exempting tariffs on imported cars and parts is under consideration, but also hinted at imposing new tariffs on chips and pharmaceuticals. During intraday trading on Monday, some chip stocks, including NVIDIA, turned negative, while traditional automotive giants like Ford Motor saw their stock prices rise.
Expectations of interest rate cuts have driven U.S. Treasury prices higher. On Monday, Federal Reserve Governor Waller stated that the inflation caused by Trump's tariffs may be &#34;temporary&#34; and hinted that a rate cut is still under consideration. Subsequently, U.S. Treasuries received positive demand, ending a five-day decline, with the 2-year yield erasing all gains from last Friday.
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Various commodities rebounded as the dollar weakened, with oil prices ultimately rising slightly after OPEC significantly lowered its oil demand forecast for the next two years. Copper prices continued to rebound from the lows following tariff panic, recovering nearly 60% of the decline. Gold fluctuated at high levels, testing $3,200.
The three major U.S. stock indices failed to maintain most of their gains, ultimately narrowing to within 0.8%. Chinese concept stocks outperformed the market, with the Chinese concept index rising over 3%.
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U.S. stock indices:
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The S&amp;P 500 index closed up 42.61 points, an increase of 0.79%, at 5405.97 points.
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The Dow Jones Industrial Average closed up 312.08 points, an increase of 0.78%, at 40524.79 points.
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The Nasdaq Composite Index closed up 107.03 points, an increase of 0.64%, at 16831.48 points. The Nasdaq 100 index closed up 105.97 points, an increase of 0.57%, at 18796.02 points.
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</ul>
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The Russell 2000 index closed up 1.11%, at 1880.88 points.
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The VIX index closed down 17.78%, at 30.88.
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</ul>
The U.S. photovoltaic index leads the U.S. stock industry ETFs:
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The U.S. photovoltaic index rose by 3.24%, the biotechnology index ETF closed up 2.86%, and the utility ETF rose by 1.8%.
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Regional bank ETFs, banking ETFs, and consumer staples ETFs rose over 1.7%, healthcare ETFs rose over 1.2%, and financial sector ETFs rose over 1%.
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</ul>
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&#34;Tech Seven Sisters&#34;:
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The index of the seven major U.S. tech stocks (Magnificent 7) opened high but closed lower, ultimately rising by 0.18% to 141.26 points.
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Apple closed up 2.21%, Google A rose 1.23%, Tesla rose 0.02%, Microsoft closed down 0.16%, NVIDIA fell 0.2%, Amazon dropped 1.48%, and Meta Platforms fell 2.22%.
</li>
</ul>
Chip Stocks:
<ul>
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The Philadelphia Semiconductor Index closed up 0.31% to 4003.22 points.
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AMD rose 1.18%, while TSMC ADR closed down 0.79%.
</li>
</ul>
AI Concept Stocks:
<ul>
<li>Applovin closed sharply down, falling by 5.55%. Tempus AI closed up 2.40%.</li>
</ul>
Chinese Concept Stocks Outperform the Market:
<ul>
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The Nasdaq Golden Dragon China Index closed up 3.23% to 6726.47 points.
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Among popular Chinese concept stocks, EHang rose 8.59%, Atour and JinkoSolar rose up to 7.34%, Zai Lab and Qifu Technology rose up to 6.7%, Alibaba and XPeng rose up to 5.79%, and JD.com, Daqo New Energy, TAL Education, and Beike rose up to 4.83%.
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</ul>
Other Key Stocks:
<ul>
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Berkshire Hathaway Class B shares, owned by Buffett, rose 1.03%.
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The &#34;Trump Tariff Losers&#34; index rose 1% to 78.57 points. Component stock Newell rose 5.72%, Five Below rose 5.11%, and Rivian, Under Armour, and Aptiv rose up to 4.88%.
</li>
</ul>
</blockquote>
European stocks surged, with blue-chip stocks in the Eurozone closing up across the board, and stock indices in Germany, France, Italy, and the UK rising over 2%.
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Pan-European Stocks:
<ul>
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The European STOXX 600 index closed up 2.69% to 499.89 points.
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The Eurozone STOXX 50 index closed up 2.59% to 4911.39 points.
</li>
</ul>
Stock Indices in Various Countries Surge:
<ul>
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Stock indices in Germany, France, Italy, and the UK rose over 2%, with the Italian banking index rising about 3.5%.
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The Netherlands AEX index closed up 2.41%, Denmark's OMX Copenhagen 20 index closed up 3.04%, and the Copenhagen 25 index closed up 2.53%
</li>
</ul>
Sectors and Stocks:
<ul>
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The STOXX 600 Industrial Products and Services Index rose by 3.33%, the Retail Index rose by 3.20%, and the Oil and Gas Index rose by 3.16%.
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Eurozone blue-chip stocks all closed higher, with Adyen up 6.7%, Deutsche Post up 4.77%, BNP Paribas up 4.4%, and Prosus up 4.19%, ranking fourth.
</li>
</ul>
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After the Federal Reserve announced inflation expectations, the two-year U.S. Treasury yield plunged more than 10 basis points during the session.
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U.S. Treasuries:
<ul>
<li>
At the New York close, the yield on the benchmark 10-year U.S. Treasury bond fell by 11.56 basis points to 4.3739%, trading overall in the range of 4.4876%-4.3583%.
</li>
<li>
The two-year U.S. Treasury yield fell by 11.49 basis points to 3.8450%, trading during the day in the range of 3.9453%-3.8241%.
</li>
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The 20-year U.S. Treasury yield fell by 8.65 basis points, and the 30-year U.S. Treasury yield fell by 6.02 basis points.
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</ul>
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European Bonds:
<ul>
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At the European close, the yield on the 10-year German government bond fell by 5.9 basis points to 2.512%, trading during the day in the range of 2.576%-2.508%.
</li>
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The two-year German bond yield fell by 3.0 basis points to 1.759%, trading during the day in the range of 1.808%-1.753%; the 30-year German bond yield fell by 1.4 basis points to 2.877%.
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<li>
At the European close, the yield on the 10-year UK government bond fell by 9.4 basis points to 4.660%. The 10-year French government bond yield fell by 7.7 basis points, and the 10-year Italian government bond yield fell by 13.5 basis points.
</li>
</ul>
</blockquote>
The U.S. dollar index fell more than 0.4%, trading below the psychological level of 100 points. The Swiss franc briefly turned down more than 1%.
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U.S. Dollar:
<ul>
<li>
At the New York close, the ICE U.S. Dollar Index fell by 0.45% to 99.654 points, remaining stable near last Friday's lowest level of 99.014 points since April 2022.
</li>
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The Bloomberg Dollar Index fell by 0.31% to 1229.94 points, with a trading range during the day of 1235.95-1227.25 points.
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</ul>
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Non-U.S. Currencies:
<ul>
<li>
The euro against the U.S. dollar fell by 0.1%, closing at 1.1348 in New York.
</li>
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The British pound against the U.S. dollar rose by 0.8% to 1.3196
</li>
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The US dollar against the Swiss franc fluctuated down 0.11% during the day, to 0.8140.
</li>
</ul>
Japanese Yen:
<ul>
<li>
At the New York close, the US dollar against the Japanese yen fell 0.32%, reported at 143.09 yen, with an intraday trading range of 144.31-142.24 yen.
</li>
<li>
The euro against the Japanese yen fell 0.37%, reported at 162.45 yen; the British pound against the Japanese yen rose 0.33%, reported at 188.615 yen.
</li>
</ul>
Offshore Renminbi:
<ul>
<li>At the New York close, the offshore renminbi against the US dollar was reported at 7.3116 yuan, down 241 points from last Friday's New York close, with an overall intraday trading range of 7.2776-7.3251 yuan.</li>
</ul>
Cryptocurrency:
<ul>
<li>
At the New York close, CME Bitcoin futures BTC main contract rose 1.03% from last Friday's New York close, reported at 84,965.00 USD.
</li>
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CME Ether futures DCR main contract rose 4.00%, reported at 1,637.00 USD.
</li>
</ul>
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Crude oil prices ultimately rose slightly after OPEC significantly lowered its oil demand forecast for the next two years.
<blockquote>
Crude Oil:
<ul>
<li>WTI May crude oil futures closed up 0.03 USD, an increase of nearly 0.05%, reported at 61.53 USD/barrel.</li>
<li>Brent June crude oil futures closed up 0.12 USD, an increase of over 0.18%, reported at 64.88 USD/barrel.</li>
</ul>
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Natural Gas:
<ul>
<li>NYMEX May natural gas futures closed down nearly 5.73%, reported at 3.3250 USD/million British thermal units.</li>
</ul>
</blockquote>
Spot gold turned down after hitting a historical intraday high for three consecutive days, at one point dropping over 1%.
<blockquote>
Gold:
<ul>
<li>At the New York close, spot gold fell 0.83%, reported at 3,210.76 USD/ounce, mostly in a downward trend throughout the day, at one point rising to 3,245.75 USD, setting a historical high.</li>
</ul>
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<ul>
<li>COMEX gold futures fell 0.59%, ending the previous three-day upward trend, reported at 3,225.30 USD/ounce.</li>
</ul>
Silver:
<ul>
<li>
At the New York close, spot silver rose 0.13%, reported at 32.3485 USD/ounce
</li>
<li>
COMEX silver futures rose 1.07%, reported at $32.250 per ounce.
</li>
</ul>
Other Metals:
<ul>
<li>
At the New York close, COMEX copper futures rose 2.26%, reported at $4.66 per pound.
</li>
<li>
LME copper futures closed up $32, reported at $9,187 per ton. LME aluminum futures closed down $22, reported at $2,374 per ton. LME zinc futures closed down $16, reported at $2,636 per ton.
</li>
<li>
LME nickel futures closed up $238, reported at $15,307 per ton. LME tin futures closed up $60, reported at $31,279 per ton
</li>
</ul>
</blockquote>

NVDA

INTC

XPEV

09868

Apple closed up over 2%; General Motors rose over 3%; Intel increased nearly 3%. The China concept index rose over 3%, Alibaba increased nearly 6%, XPeng rose over 5%, and PDD increased nearly 5%. The two-year U.S. Treasury yield plunged more than 10 basis points during the session. The Swiss franc briefly turned down over 1%. Spot gold, after hitting an intraday historical high for three consecutive days, turned down, falling more than 1% at one point

- The Trump administration has both exempted tariffs on certain electronics while hinting at new tariffs on chips and pharmaceuticals, creating uncertainty in the stock market.  
- U.S. Treasury yields fell as expectations of interest rate cuts grew, with the Federal Reserve suggesting that tariff-induced inflation may be temporary.  
- Major U.S. stock indices saw modest gains, with the S&P 500 rising 0.79% and the Nasdaq up 0.64%, while European stocks surged over 2%.

Wallstreetcn

Ford Motor

NVIDIA

Intel

General Motors

XPeng

XPENG-W

Dow Jones Industrial Average

Jinko Solar

Tesla

Deutsche Post AG

Berkshire Hathaway

Under Armour-C

Taiwan Semiconductor

Berkshire Hathaway B

Newell Brands

Atour

NASDAQ Composite Index

Tempus AI

JD-SW

Jinkosolar

BEKE-W

Alphabet - C

EHang

ZAI LAB

YieldMax NVDA Option Income Strategy ETF

Alphabet

Microsoft

Daqo New Energy

TAL Edu

Five Below

GraniteShares 2x Long NVDA Daily ETF

Amazon

Under Armour

The outlook for tariffs is uncertain, limiting the rise of U.S. stocks. NVIDIA initially rose 3% before turning negative, Ford surged over 4%, and Chinese concept stocks soared