Key takeaways from the day include the continued dominance and volatility within the technology sector, mixed signals from economic indicators suggesting a complex outlook, the persistent influence of trade policies on market sentiment, and substantial individual stock reactions to company-specific news such as earnings and regulatory changes.

The most important points discussed are:

• Nvidia's historic rise to become the world's most valuable public company, surpassing Microsoft, amid a broader rally in semiconductor stocks.
• The Federal Reserve's decision to lift the seven-year-old asset cap on Wells Fargo, a pivotal moment for the banking giant.
• New U.S. trade policy developments, with President Trump announcing upcoming hikes on steel and aluminum tariffs, while the USTR separately extended certain product tariff exclusions for Chinese goods.
• A downgrade in the 2025 global and U.S. economic growth outlook by the OECD, contrasting with stronger-than-expected U.S. JOLTS job openings data that signaled continued labor market resilience but also hinted at hawkish implications for Federal Reserve policy.
• Significant corporate earnings reactions, including a major surge for Dollar General and Guidewire Software following strong reports, a notable rise for Hewlett Packard Enterprise on solid results and AI optimism, and a post-earnings dip for CrowdStrike due to a weaker-than-expected forecast.
• A rise in crude oil prices, influenced by Canadian wildfires impacting supply, ongoing geopolitical tensions, and strong U.S. economic data.