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U.S. Stocks Climb on Nvidia and Dollar General Strength While Tariffs Rattle Steelmakers

Strong performances by Nvidia alongside Dollar General underscore market resilience to President Trump’s expanded steel and aluminum duties

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Overview

  • The S&P 500 notched back-to-back gains with a 0.6% rise after a surprise uptick in job openings signaled labor-market resilience
  • Nvidia shares climbed 2.8%, restoring its spot as the world’s most valuable public company with a $3.45 trillion market cap
  • Dollar General jumped 16% after beating quarterly sales and profit estimates and raising its full-year net sales forecast
  • Steelmakers including Nucor slid following President Trump’s announcement of 50% tariffs on steel imports and higher aluminum duties
  • CrowdStrike shares dropped over 7% on a weaker-than-expected revenue outlook while Hewlett Packard Enterprise surged 6% after topping earnings forecasts