Trade policy uncertainty reached its highest level since April as indefinite tariffs replace IEEPA measures. Investors face ongoing volatility from potential Section 122 legal challenges and the threat of renewed trade restrictions.

Nvidia posted a record $68.1 billion in revenue, fueled by explosive AI demand and a 263% surge in networking sales. A massive $78 billion Q1 outlook and $50 billion buyback signal dominance despite rising inventory risks.

The Australian Dollar (AUD) hit three-year highs as sticky inflation fueled bets on further RBA rate hikes. The US Dollar (USD) faced pressure following President Trump’s State of the Union address and tariff uncertainty.