Group 1: Market Performance - The U.S. stock market showed mixed results with the Nasdaq rising by 1.02% and the S&P 500 increasing by 0.51%, while the Dow Jones fell by 0.05% [1] - Major tech stocks had varied performances, with Google up over 9%, Apple up over 3%, and Tesla up over 1%, while Nvidia, Intel, and AMD saw slight declines [1] - The Nasdaq Golden Dragon China Index decreased by 0.19%, with mixed results among popular Chinese stocks [1] Group 2: Trade Policy Uncertainty - President Trump indicated that if U.S. courts rule his global tariff policy illegal, trade agreements with the EU, Japan, and South Korea may be nullified [2] - Trump emphasized that these agreements provided the U.S. with leverage to impose tariffs without retaliation, claiming they could lead to significant wealth for the country [2] - The legal uncertainty surrounding the tariff agenda could impact trillions of dollars in global trade, raising questions about Trump's authority to negotiate tariffs without these measures [3] Group 3: Economic Conditions - The Federal Reserve's latest Beige Book report indicated that economic activity across most regions of the U.S. remained unchanged in recent weeks [4] - The report highlighted that consumer spending was flat or declining due to wages not keeping pace with rising prices, with most districts reporting price increases [5] - Businesses have begun to raise prices to offset rising costs due to tariffs, while the labor market showed little net change in employment levels across most districts [6]