Risk appetite extended beyond transport. Broadcom gained 3%, continuing its recent momentum in AI infrastructure, while Nvidia rose 2%, supported by sustained strength in semiconductor demand. The gains came as investors brushed off immediate geopolitical risks and rotated into higher-beta names.
UBS Global Wealth Management’s Solita Marcelli noted that geopolitical shocks tend to have limited market impact, and pointed to strong fundamentals underpinning the equity rally. Tuesday’s advance built on Monday’s solid gains, which came after Qatar said it had intercepted Iranian missiles targeting a U.S. military base.
What Is the Federal Reserve Signaling on Rates?
Traders also weighed comments from Fed Chair Jerome Powell, who testified before the House Financial Services Committee. Powell emphasized patience, stating the Fed would wait to assess the economic fallout from new tariffs before adjusting rates….
