US Stocks Rise Amid US-Canada Trade Tensions, Ahead of Nvidia Earnings
On Tuesday, U.S. stocks rose as trade tensions between the United States and Canada escalated but remained contained in key sectors like oil for now. The Dow Jones Industrial Average (DJI) and S&P 500 both gained 0.3%, while the Nasdaq Composite climbed 0.6%. Investors are closely watching Nvidia ahead of its upcoming earnings report, with shares rising 2% after a seven-day losing streak. Canada announced retaliatory tariffs in response to U.S. duties imposed by the Trump administration on steel and dairy products. Despite these tensions, both countries have so far avoided targeting oil. Meanwhile, Bitcoin briefly surged above $80,000 for the first time in three months amid concerns over dollar debasement following Treasury interventions. The week ahead includes key economic data releases showing a drop in new home sales and consumer confidence to their lowest levels since January due to cost-of-living pressures. This sets up expectations for Fed Chair Kevin Warsh's speech at Jackson Hole later this week.
Tickers: $DKS $INTU $NVDA $SPGI $ZM
Topics: Bitcoin and gold price movement Federal Reserve commentary Nvidia earnings anticipation US-Canada trade tensions