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.

Confidence in U.S. Economic Leaders

Americans are less confident in President Joe Biden's ability to manage the U.S. economy compared to previous presidents, with confidence in Biden, Federal Reserve Chair Jerome Powell, and congressional leaders below 50%. Partisan divisions play a significant role in confidence levels, with Democrats trusting Biden and Powell, while Republicans trust Trump. Independents have the most confidence in Trump. Overall, confidence in key economic leaders is low, and Americans lack trust in those managing the economy.