US stocks close higher, Nvidia reaches $4 trillion market cap, Trump unveils more tariff letters

Wednesday, Jul 16, 2025 5:22 pm ETmin read
Aime RobotAime Summary

- US stocks rose broadly, with the S&P 500 and Nasdaq closing at session highs amid positive market sentiment.

- Nvidia's market cap hit $4 trillion, fueled by AI adoption and data center demand despite broader tech sector volatility.

- Former President Trump announced new tariff exclusion requests targeting Chinese imports, escalating trade policy uncertainty.

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