Stock Movers: TQQQ Rally, Walmart Soars on Tariff Pause, US Steel Dips

ETF Surge: TQQQ's Record Rally

• 🚀 TQQQ, an ETF tracking three times the Nasdaq 100, experienced its best rally ever, gaining 35% in a single session.
• 💡 This surge followed the ETF's largest daily inflow in its 15-year history, with $1.5 billion invested earlier in the week, signaling bullish sentiment on tech stocks.
• ⚠️ While many tech stocks (segies) performed well, traders also use such ETFs for shorting, making the dip-buying strategy potentially risky.

Retail Stocks Boosted by Tariff Pause

• 🎯 Walmart saw its biggest jump since March 2020, alongside other retail stocks like Nike.
• 📈 This rally was driven by President Trump's announcement of a 90-day pause on higher tariffs for nations not imposing retaliatory measures on the US.
• 💰 Walmart executives expressed confidence in reaching financial targets, maintaining a 3% to 4% net sales growth forecast, which now accounts for tariff turbulence.

US Steel Faces Uncertainty

• 📉 United States Steel (X) shares plunged over 10% following President Trump's statement expressing opposition to a Japanese acquisition.
• 📌 Trump cited rising steel orders as evidence that the company does not require immediate investment and indicated a preference against foreign ownership.