🇺🇸 Markets on Wednesday #dowjones -0.58% Nasdaq -0.51% S&P500 -0.56% Big movers in trade 👎 Okta -16% after the identity management software company kept its guidance steady despite a better-than-expected quarter 👍 Quarterly result reactions: Abercrombie & Fitch +14% & Dick’s Sporting Goods +2% Fed released minutes from its May meeting ✍️ Flagged rising inflation and recession risks Reason that US Futures are spiking? a. Federal court knocked down President Donald Trump’s “reciprocal” tariffs 👉 U.S. Court of International Trade ruled that Trump overstepped his authority when he imposed his “reciprocal” tariffs. b. Solid earnings from artificial intelligence heavyweight Nvidia also buoyed the market 👍 Chipmaker exceeded expectations on the top and bottom lines in the first quarter 👍 Data center business recorded year-over-year growth of 73% Other Asset Classes 🇺🇸 10-year Treasury yield at 4.5% 💲Dollar Index spikes to at 100.2 ⛽️ Brent Crude at 65.7$/barrel 💸 Bitcoin at 100810$ 🪙 Gold at 3,300$/ounce