## Stocks Hold Steady Into June Wall Street closed out May on a relatively calm note—perhaps the calm before another geopolitical storm. Here’s how the major benchmarks wrapped up the month: - **S&P 500 (SPY)**: Flat Friday, +6.2% for May - **Nasdaq (QQQ)**: -0.3% Friday, +9.6% May - **Dow Jones (DIA)**: +0.1% Friday, +3.9% May Even as the broader market took a breather, there’s no ignoring the standout: **Nvidia (NVDA)**. After hitting a $3 trillion market cap, shares dipped 2% Friday. A little cooling off—or the first sign of deeper volatility? --- ## Trump vs. Xi: Tariff Truce Unravels Over the weekend, tensions between the U.S. and China snapped back into the spotlight. Former President Donald Trump accused China of breaching a recent trade pact by curtailing exports of tech-critical resources. In return, Beijing slammed U.S. moves to restrict AI chip shipments and cancel student visas as deal-breaking. Is this just saber-rattling—or the start of something bigger? Treasury Secretary Scott Bessent hinted that Trump and Xi could speak “soon,” but the lack of certainty rattled market-watchers.

--- ## Nvidia Caught in the Crossfire Few companies have more to lose in a tech trade war than Nvidia. The chip giant is a key supplier in the global AI race, and tighter U.S. export rules threaten to complicate its global footprint. After a 27% surge in May, some investors took the geopolitical headlines as a cue to lock in gains. Is this a hiccup or the start of a rerating? For now, NVDA still holds the crown as Wall Street’s AI darling—but rising regulatory heat could test that thesis. --- ## What Comes Next? So far, markets have been resilient. But June arrives with plenty of potential curveballs: trade showdowns, legal skirmishes over tariff authority, and a possible cooldown in high-flyer tech stocks. Nvidia’s Friday dip is a warning: even market darlings are vulnerable when geopolitics gets messy. If Trump and Xi can’t reset the tone soon, May’s calm could give way to June jitters.

Weekend Market Recap Stocks Hold Gains As NVDA Dips, Trump and Xi Clash Over Trade