Financial Markets Rebound After Sell-Off

The S&P 500 rebounded after a recent sell-off, with the Dow Jones and Nasdaq also showing mixed movements. Technology stocks like Nvidia and Meta rebounded, while Apple continued to decline. Japanese stocks saw a significant rebound after a sharp drop the previous day. The market sell-off was partly due to concerns over the economy and an unwind in the yen carry trade.

Debunking Misleading Comparison of Trump and Biden's Economic Performance

A chart comparing macroeconomic indicators on social media suggests the country fared better under Trump than Biden, but the data is inaccurate. Factors outside a president's control heavily influence economic health. The article debunks claims on inflation, gas prices, rent, Nasdaq, grocery prices, electricity costs, and real hourly earnings under both administrations.

Stock Market Performance and Economic News

Nasdaq reaches record high as Powell reassures investors; U.S. producer prices rise in April; investors await Consumer Price Index report; tech stocks perform well; Home Depot and Alibaba shares decline; Biden announces tariff increases on Chinese imports; GameStop shares rally; AMC Entertainment and Koss Corp also see gains.