Trump Pumps Nasdaq with Chinese Hot Air… Elon Buys the Dip

Trump says negotiations with China "went very well"... traders hear “PAMP IT, BABY.”

For the first time in quite a while… Today's new all-time highs didn’t come from a Jerome Powell word salad or some historical earnings report from a Mag 7 stock. Not today, the market hit the gas because Donnie Politics did what he does best… drop a vaguely positive sentence on Truth Social and let the algos do the rest.

In response, the S&P 500 climbed 0.4% to a fresh record. The Nasdaq exploded (in a good way), up 0.8%, also clocking a new all-time high. And the Dow... just kind of hung around doing a whole lot of nothing.

And all because Trump said U.S.-China trade talks are going “very well.” That’s it. That’s the post. And Wall Street, running on 96% certainty of a Fed rate cut this week, said: “That’s good enough for us, send it.” Honestly, it could’ve been a typo and the market still would've rallied.

As far as TikTok goes, there’s apparently some backroom handshake deal brewing in Madrid between the U.S. and China to keep the app alive, probably saving thousands of “Get Ready With Me” videos from extinction. Oracle shares popped 3% on the news, since they’re still somewhere in the mix to buy the biggest app on planet earth. Can’t wait for the day we open TikTok and see Larry doing a thirst trap transition video in khakis.

Speaking of Larry…Netflix might be pulling up to the Warner Bros. Discovery party uninvited. While David Ellison and Paramount Skydance have been prepping a bid, Netflix is still lurking in the background like the ex who says they’re over you but still watches your stories. Analysts say there’s a 50/50 shot Netflix throws its hat in the ring and drives the price up to $30 a share.

Elon, meanwhile, decided to treat himself to a $1B Tesla stock binge… his first big buy since 2020. The market took it as “Elon is so back and focused… probably" and sent TSLA up 7%, erasing its 2025 losses.

While Tesla was ripping, Nvidia got the business end of a Chinese regulator backhand. Beijing hit them with an anti-monopoly violation, and the stock dropped 1.8%... the only member of the Magnificent Seven that didn’t go up. Everyone else was turning up, Nvidia was outside texting “u up?” to global markets and getting left on read.

So to run through the highlights real quick… Trump said one nice thing about China, and the market decided everything's fine. Nvidia caught some smoke. Elon reminded us he’s still rich (and totally not distracted), TikTok might finally get bought (haven’t heard that one before), and Netflix might show up late to the Warner Bros. bidding war just to play spoiler and jack up the price.

Things are looking good, let’s just hope Jerome Powell wakes up on the right side of the bed Wednesday.

If you read all of this, congrats for having a 10 second attention span (better than me). As always, here’s our heatmap for today.

At the time of publishing this article, Stocks.News holds positions in Netflix and Tesla as mentioned in the article.