Over the past week, Washington and Beijing have been trading barbs about breaching their preliminary trade deals. In addition, the high-end steel and aluminum tariffs announced by U.S. President Donald Trump will begin on Wednesday.

Amid all trade tensions, the Organization for Economic Cooperation and Development has cut its U.S. and global growth forecasts this year and has “a tighter financial position in trade, poorer financial position, weaker business and consumer confidence and barriers to exacerbating policy uncertainty.”

But investors are still pushing stocks, and NVIDIA regained the crown of the most valuable publicly-owned companies on Tuesday. That said, Sam Stovall of CFRA Research believes that the market will "just bob and knit together until we start to understand more clearly what we think about earnings, GDP growth, etc." until we start to understand more clearly. ”

In other words, recent market earnings cannot indicate a long-term trajectory. Where stocks go will depend on the position of the U.S. economy in the development surrounding tariffs.

Markets in the United States and Europe rise
U.S. stocks climbed Tuesday, with chips rising and job opportunities in April surpassing expected jobs. this S&P 500 Obtain 0.58%, Dow Jones Industrial Average Advanced 0.51%, Nasdaq Composite Materials Close 0.81%. The STOXX 600 index in Europe rose 0.09%, the opposite of earlier in the day.

Nvidia is the king again
Nvidia Stocks rose 2.8% on Tuesday to close at $141.22, bringing its market cap to $3.45 trillion. Such a move makes chip manufacturers ahead Microsoft's The $3.44 trillion cap means NVIDIA is once again the most valuable public trading company in the world. The stock has soared more than 23% in the past month as NVIDIA's growth even passes export controls and tariffs.

OECD cuts our and global growth rates
According to a report on Tuesday, the Organization for Economic Cooperation and Development has significantly reduced its U.S. growth forecast by 1.6% from 1.6% in 2025. The OECD also lowered global economic growth from 3.1% to 2.9% this year. The report said: "A significant increase in trade barriers" is a factor in compressing the outlook for growth.

Eurozone inflation drops below 2%
Eurostat showed on Tuesday that eurozone inflation fell to 1.9% in May (below the 2% target of the European Central Bank). Economists conducted by Reuters expect May's reading volume to be 2% compared to last month's 2.2% figure. Core inflation excluding energy, food, tobacco and alcohol prices also fell to 2.3% from 2.7% in April.

Trump's bill is "annoying abomination": Musk
Elon Musk described US President Donald Trump's "big and beautiful bill" as "annoying abomination" in an article on Tuesday, followed by Write The bill "will have greatly increased the already huge budget deficit to $2.5 trillion (!!!). Trump is still forcing U.S. lawmakers to pass the bill, blowing up Rand Paul, who said on CNBC's "Squawk Box" that he "is not open" to support a five-fold trillion in the debt ceiling.

(Pro) Beware of new stocks in S&P
according to Bank of America. Adding stocks in the index will often add value because funds tracking the benchmark will add it to their portfolio, so investors should pay attention to these moves, which will be announced this weekend.

Tesla launches tech-friendly Robotaxi in Austin

Tesla's long-awaited Robotaxi market (expected to start later this month) Austin, Texas, has become a key battlefield for autonomous driving technology.

CEO Elon Musk wrote in an article on X last week that the company has been testing the Model Y Y vehicle, and it has been a few days without a safety driver in the Texas capital.

But, while the market is still very new, Tesla is already facing a lot of competition. Alphabet's Waymo, Amazon's Zoox, Volkswagen's subsidiary ADMT and Startup Avride already exist in Austin.

"Winners of the space are coming, and it's just a matter of expansion," said Toby Snuggs, head of sales and partnerships at Avride.