US stocks rebound as hopes for September Fed rate cuts and strong corporate earnings lift sentiment. President Trump says he’ll ramp up India tariffs and is set to announce new pharma and chip tariffs. Palantir (PLTR) jumps after posting 48% revenue growth, fueling optimism for the AI trade. AMD (AMD) earnings are on deck. Caterpillar (CAT) warns of $1.5B in annual tariff costs, while consumer giants and Marriott (MAR) flag softer US growth. After recent exits, Trump is set to name new Fed and BLS chiefs, with investors eyeing Fed independence as a key issue.

Takeaways:

Stocks rebound on Fed rate cut hopes, strong AI and tech earnings

Trump targets India, pharma, and chip tariffs; Fed leadership shake-up nears

Palantir surges on blowout results; Caterpillar, Marriott warn on tariffs, US demand

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