Updated throughout the trading session
Here’s a gaze at how the major indexes are performing around 8:05 PM:
- S&P 500 is up 0.76 percent
- Nasdaq Composite is up 1.04 percent
- Dow Jones is up 0.91 percent
President Donald Trump announced over the weekend a fresh, flat 15 percent tariff on all imports to the U.S., following the Supreme Court’s recent decision striking down his previously implemented country-specific tariffs.
Despite the renewed tariff announcement, investors appear largely unfazed, CNBC reports.
– I think people are now used to his little explosions,” Paul Skinner, investment director at Wellington Management in London, told CNBC.
He described the market reaction as an example of the so-called “TACO” trade, short for “Trump Always Chickens Out,” referring to the president’s history of threatening tariffs only to postpone or drop them. This pattern highlights the ongoing uncertainty surrounding U.S. Trade policy.
Also Read
“Expensive” in the USA: Where the Stock Money is Going Now
Tech giant Meta plans to purchase data chips and computers from Advanced Micro Devices (AMD), designed to run AI models.
AMD shares jumped 9.23 percent and Meta shares rose 0.48 percent. This move underscores the growing demand for specialized hardware to support the rapid development of artificial intelligence.
Several media outlets, including Bloomberg and The Wall Street Journal, reported the news.
The purchases will occur over five years, beginning in the second half of 2026.
Meta plans to use the AMD chips to build data centers with a capacity of six gigawatts.
The deal is reportedly worth “tens of billions” of dollars per gigawatt, according to AMD CEO Lisa Su.
The Wall Street Journal reports the agreement is valued at more than $100 billion, equivalent to over $1 trillion Norwegian kroner.
The investment comes weeks after Meta announced it would invest between $115–135 billion this year.
New Bid from Paramount for Warner Bros. Discovery
Warner Bros. Discovery (WBD) opened last week for Paramount to submit a “final and best” bid for the entertainment giant.
A new bid has now been received, the company confirms.
In a statement, WBD did not disclose the details of the bid, but stated it would update shareholders once it has reviewed it.
The board continues to recommend the Netflix bid, the company emphasized.
The battle for Warner Bros. Discovery continues after the board last year announced it was moving forward with the Netflix offer.
Paramount has made several advances since then.
Paramount shares fell 0.8 percent, Warner Bros. Shares rose 0.76 percent, and Netflix shares rose 2.03 percent.
