S&P 500 Clings to Record Highs Amid Tariff Drama, Nvidia Blasts to $4 Trillion!

Holy smokes, the S&P 500 is glued to record highs even with new tariff worries breathing down Wall Street's neck! And guess what? Nvidia just smashed through the roof, becoming the first publicly traded beast to hit a mind-blowing $4 trillion valuation!

After soaring 0.6% higher on Wednesday, the S&P 500 kicked off Thursday flirting with the flatline, still hugging those all-time highs like a champ.

The S&P 500, our benchmark bad boy, was up a tiny 0.06%, riding the wave of pure optimism around Nvidia (NVDA). This chip giant has been surfing the bullish vibes, skyrocketing to that $4 trillion mark!

Meanwhile, the Dow Jones Industrial Average and the Nasdaq Composite were chilling, barely moving. The blue-chip index dipped 38 points, while the Nasdaq nudged up 0.02%.

Nvidia's Wild Ride Pushes Nasdaq to New Peaks

Nvidia's journey to the stratosphere in terms of market cap is straight-up bonkers, matching their stock price's rocket-like ascent. These AI chip wizards are on fire!

NVDA's been popping off, up 13% in the last month and 17% this year. But hold onto your hats—over the past five years, it's shot up a jaw-dropping 1,454%! Since blasting past $31.50 in November 2021, it's been all green lights. On July 9, 2025, it closed 1.8% higher at $162, pushing the Nasdaq Composite to fresh record territory!

Meanwhile, the S&P 500's been climbing too, up 6.7% year-to-date and 96% over the past five years.

Keep your eyes peeled for what's next on the tariffs front, especially with U.S. trade partners like China, the UK, India, and the EU. And don't forget, Trump's threatening another 10% tariff on BRICS countries!

The market's also buzzing about U.S. weekly jobless claims and the Federal Reserve's next interest rate move. Some good news there might just soften any blows from the global trade war.

Some analysts are waving a sell signal flag for the S&P 500 as it tries to break past 6,300, but others are betting on more gains.

"This is a full-blown global bull market, and we don't see it slowing down anytime soon," Ryan Detrick, chief market strategist at Carson Group, told CNBC.

The crypto world's feeling the love too, with Bitcoin (BTC) smashing through to a new all-time high above $112k. Altcoins are partying right along with it!

Over in the commodities corner, oil's down 1.5% around $67, while gold's hanging tough near $3,335.