Newsmax is dealing with growing pains and unpredictable legal expenses. Trump Media's core business is withering as it tries to launch a crypto ETF. Newsmax has cooled off, but Trump Media still trades at frothy valuations.

During a faith luncheon at the White House several days ago, Donald Trump acknowledged the effect he has on the stock market. He stated, "I go on television and I rile the market."

Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.

Finally, don't discount legal challenges to the president's tariffs. An argument could be made that pharmaceutical products made in Ireland, the primary overseas source for Lilly, don't present a national security threat to the U.S., since Ireland is a staunch ally.

Momentum in the S&P 500 could send a signal to Trump that the path is clear for him to pursue his summer tariff agenda.

Ross Gerber told BI that "there's nothing good for Tesla" in Trump's budget bill, and the stock should be trading more in line with mega-cap peers.

Tesla stock fell on Thursday after an extremely large tariff was imposed on materials used in car batteries. The New York Times reported that the Commerce Department announced that it intends to issue a 93.