Tech Rally Defies Macro Concerns as Trump Calls for Historic Rate Cuts

Equity markets shrugged off inflation fears and tariff talk as megacap tech stocks extended their dominance. The S&P 500 ROSE 0.6% while the Nasdaq gained 0.4%, powered by another record-breaking performance from Nvidia. The chipmaker became history's first $4 trillion company amid what traders described as renewed 'AI optimism.' Meta, Microsoft, and Alphabet joined the rally as investors continued chasing momentum.

Meanwhile, former President Donald TRUMP demanded unprecedented monetary easing from the Federal Reserve. His call for 300 basis points of rate cuts—triple the size of 2020's emergency reduction—aims to address what he called 'absurd debt loads.' Trump cited the $1.2 trillion annual interest burden on national debt, framing aggressive cuts as taxpayer relief.