Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.

The Dow Jones index and other indexes reversed lower after bank earnings and tame wholesale inflation data. ASML stock plunged on this warning.

David Sacks said this would "deprive Huawei of basically having this giant market share in China."

For strategists at JPMorgan Chase & Co. and Goldman Sachs Group Inc. as well as money managers in Hong Kong and Singapore, an opaque term has suddenly emerged as the catchphrase for deciphering Chinese policy intentions and navigating the stock market.

Even with major American brands, a large portion of smartphones, laptops and TVs are overwhelmingly assembled in China, according to Robert Khachatryan, CEO at Freight Right Global Logistics, who highlighted that over the past few years, tariffs on these products raised import costs and squeezed retailers.

Nvidia remains the dominant AI chipmaker in the market, but where is the stock headed for the rest of this year and into the next?

The Dow Jones index wavered Tuesday after the CPI inflation report. Nvidia stock surged on AI chip sales to China.

Asia stock markets trade mixed on Friday, reacting to renewed worries about U.S. trade tariffs following President Donald Trump's announcement of significant duties against Canada. Meanwhile, China's markets outperformed the region,