CNBC Daily Open: Trump has the last word on U.S. stocks

Market Performance - U.S. stocks experienced volatility, with the S&P 500 dropping as much as 1.5% at its lowest point during the session but recovering to trade positively for most of the day [2] - The S&P 500 ultimately closed down 0.2% after President Trump hinted at potential trade actions against China, particularly regarding cooking oil and soybean purchases [3] Economic Indicators - U.S. Federal Reserve Chair Jerome Powell indicated a possible halt in tightening monetary policy related to bond holdings, which could have positive implications for market stability [4] - Major banks such as JPMorgan Chase, Citi, and Goldman Sachs exceeded earnings expectations, suggesting that the economic fundamentals remain strong [4] Industry Developments - Oracle's shift to AMD's artificial intelligence chips, moving away from Nvidia graphics processing units, may reduce concentration risk and could be beneficial for investors focused on AI-driven market growth [5] - The ongoing uncertainty regarding President Trump's tariffs raises questions about the future of the AI-supported market and its resilience against potential trade restrictions [5]