Global billionaires gained $135 billion after Trump announced a 90-day tariff pause for most nations, sparking a historic Wall Street rally. The “Magnificent Seven” stocks surged, boosting top tech leaders’ net worths. However, US-China tensions worsened with mutual tariff hikes and restrictions on American firms.
US Stocks: Nasdaq, S&P end lower as tech megacap declines outweigh upbeat chip outlook
Indian markets saw a mixed close on Thursday. While the Nasdaq and S&P dipped due to Big Tech’s AI spending concerns, the Dow edged higher.