Wall Street rose on Wednesday as investors shrugged off fresh trade uncertainty after the White House delayed the start of new tariffs to Aug. 1, raising hopes for new rounds of negotiations.
This came just a day after President Donald Trump floated sweeping tariffs, including a 50% tariff on copper and a potential 200% tariff on pharmaceuticals, though the latter may include a grace period.
The Russell 2000 led the charge, rising 0.7% to 2,244, as small-cap stocks continued to rebound.
The Nasdaq 100 gained 0.5%, climbing to 22,815, supported by strength in megacap tech names. Nvidia Corp. (NASDAQ:NVDA) grabbed headlines once again, with its market capitalization hitting $4 trillion, solidifying its lead as the world’s most valuable company. According to the Financial Times, Nvidia is planning to launch a new AI chip designed specifically for China as soon as September.
The …