Overview

• The S&P 500 climbed 0.6% to 6,263.26 and the Dow rose 0.5% to 44,458.30 while the Nasdaq jumped 0.9% to 20,611.34 for a new high.
• Nvidia became the first public company valued at $4 trillion after its share price rose on continued AI optimism.
• President Trump announced a 50% tariff on copper imports to pressure trading partners, easing prices after a recent spike.
• Merck’s shares gained after it agreed to acquire U.K.-based Verona Pharma, expanding its respiratory drug portfolio.
• Futures for Australia’s ASX200 pointed to a 0.5% rise following Wall Street’s tech-led advance.