Wall Street was relatively quiet with major indexes ticking up modestly as the Trump administration seeks to win more favorable deals with global trading partners.

Nvidia briefly reached a market capitalization of $4 trillion on Wednesday, making it the first company in the world to reach the milestone and solidifying its position as one of Wall Street's most-favored stocks.

US stock market today opened slightly lower as Dow, S&P 500, and Nasdaq futures paused after a powerful tech rally led by Nvidia, which just hit a historic $4 trillion market value. Meanwhile, President Trumps new tariff threats—including a proposed 50% import tax on Brazil and extra tariffs on BRICS nations—are now in focus.

The stock market and bond market are forecasting different scenarios for the U.S. economy. The former projects optimism — higher equity prices, earnings growth, broad enthusiasm — but the latter sees weakening growth. Apollo chief economist Torsten Slok highlighted this disconnect in research published this week.

Financial market participants have pushed out yet again the end date for the effort to shrink the size of the Federal Reserve's large balance sheet, the minutes of the U.S. central bank's June 17-18 policy meeting showed on Wednesday.

Stifel's Barry Bannister believes the stock market is in store for a 12% correction amid stagflation fears.

Apollo, for one, expects just one rate cut in 2025. JPMorgan strategists forecast two. Goldman Sachs last week updated its prediction to three, starting in September, arguing that moderating growth and elevated borrowing costs will force the Fed’s hand.

If this Wall Street analyst is correct, Nvidia shareholders will see monster returns through the end of the decade.

Nvidia reached another milestone in its rise to becoming one of the world’s most important companies: the first publicly traded company to reach a market value of $4 trillion.

The crypto-fueled betting market on whom President Donald Trump will pick to be next Fed chair (as long as he does so by the end of the year) moved toward Kevin Hassett following a new Wall Street Journal article chronicling the race.