Market Surges as White House Softens EU Tariff Talk

Holy smokes! The White House just eased up on its EU tariff threats, and bam—the market's bouncing back like a champ!

Stocks are riding the Trump trade talk rollercoaster once again. On May 27th, the Dow Jones rocketed to 42,243, soaring 640 points or a sweet 1.54%. The S&P 500 wasn't far behind, hitting 5,911 after a 109-point jump—that's a 1.88% gain. And the Nasdaq? It charged to 19,177, up a whopping 440.52 points or 2.35%!

Tech stocks were the heroes here, with Nvidia stealing the show, up 3.26% just before dropping its earnings report on Wednesday. Sure, there were whispers of a $5.5 billion revenue hit from AI chip export curbs to China, but hey, traders are still all in, betting Nvidia's gonna smash those revenue records!

Apple wasn't left behind, climbing 2.43% despite Trump's earlier tariff threats on their smartphones. He later threw Samsung into the mix too, keeping things spicy in the mobile market.

Trump, EU, Optimistic on Trade Talks

The equity rally? It's all thanks to the buzz on the trade front. Trump's softened his tariff stance and even gave the EU a shout-out for speeding up trade talks with the U.S. They're scrambling to dodge those looming 50% mutual tariffs, delayed now until July 9.

"This is a positive event, and I hope that they will, FINALLY, like my same demand to China, open up the European Nations for Trade with the United States of America," Trump blasted on Tuesday. "They will BOTH be very happy, and successful, if they do!!!"

EU trade chief Maroš Šefčovič is steering the ship on their side, zeroing in on semiconductors, cars, drugs, and aluminum. Meanwhile, the EU and U.S. are also tackling those pesky tariffs and non-tariff barriers. These two economic giants have six weeks to sort out their beef—unless Trump decides to hit the snooze button again.