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A tariff reprieve, bond yields, and Nvidia earnings: What investors are watching as stocks rise

  • President Trump announced a pause in tariffs on goods from the European Union until July 9, following a request from the European Commission president, Ursula von Leyen, after previously calling for 50% tariffs starting June 1.
  • Bond yields decreased on Tuesday, indicating less anxiety in the bond market compared to last week, as investors monitored Trump's tax bill progress and news of Japan potentially issuing less debt, which could affect US Treasury yields.
  • Investors are eagerly awaiting Nvidia's upcoming earnings report after the closing bell on Wednesday, with high expectations for the chipmaker based on its previous earnings and revenue beats, though the stock's valuation is considered expensive going into the report.
  • US stocks surged at the opening bell on Tuesday, with major indexes like the S&P 500 and Nasdaq Composite up more than 1%, driven by positive tariff developments and lower bond yields, as traders anticipated Nvidia's earnings report later in the week.

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