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  • 🚀 S&P has a strong week after a turbulent month

🚀 S&P has a strong week after a turbulent month

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Market Overview
Read time 1.4 minutes

Year To Date Performances:

Dow Jones  40,113.50 -5.71%
S&P 500  5,525.21 -6.06%
Nasdaq  17,382.94 -9.98%
Russell 2000 1,957.62 -12.22%
TSX  24,710.51 -0.07%
Bitcoin $95,136.43 2.98%
Ethereum $1,802.82 -45.86%
US to Canadian Dollar $1.39 -3.70%
  1. The S&P 500 climbed for a fourth straight day Friday, capping off a strong week with a 4.6% gain as tech giants surged and investors braced for more clarity on U.S. trade policy. The Nasdaq jumped 6.7% for the week, led by Alphabet’s 1.5% post-earnings pop and a 9.8% rally in Tesla, while Nvidia and Meta also posted solid gains. Markets are still digesting President Trump’s erratic tariff messaging—ranging from 50% threat levels to hints of new trade deals—but some analysts believe the worst of the volatility may be over.

  2. California is revamping its self-driving vehicle regulations, proposing the most comprehensive rules in the U.S. to date, with new testing, permit, and safety requirements for AV companies like Waymo, Zoox, and Tesla. The updated rules would cover everything from light-duty robotaxis to heavy-duty autonomous trucks, including strict data reporting and protocols for emergency responder interactions. While Waymo and others already hold advanced permits, Tesla still lacks deployment approval in California despite years of promises. The public comment period runs through June 9, ahead of a scheduled public hearing.

  3. SEC Chair Paul Atkins said crypto innovation has been “stifled” under past regulatory regimes and kicked off a new chapter Friday with the SEC’s first major Crypto Task Force roundtable in Washington, D.C., emphasizing a shift toward collaboration. Industry leaders, including representatives from Fidelity, Kraken, and Anchorage, discussed crypto custody challenges amid unclear rules, especially following the SEC’s recent rollback of restrictions like SAB 121. Atkins hinted at flexibility in rewriting crypto rules while staying tough on non-compliant foreign firms. Meanwhile, Trump’s pro-crypto stance — including pardons and a personal $2.7B meme coin — continues to blur the line between policy and politics.

  4. Headlines

    1. Prices on Amazon have seen a steady increase since the introduction of tariffs on Chinese imports.

    2. Senators are requesting an ethics probe into the promises made by Donald Trump relating to the sale of his cryptocurrency.

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