President Trump’s tariffs did not halt the stock market rally, with the S&P 500 and Nasdaq Composite near record highs. Wall Street remains optimistic about AI trade and potential rate cuts by the Federal Reserve. Despite the tariff deadline and potential risks, strategists believe the US economy and equity rally will continue. Earnings season has seen strong results, with 82% of companies beating estimates. The AI trade has been a major market driver, with companies like Palantir seeing significant growth. Strong quarterly results from tech giants like Microsoft, Meta, and Alphabet have fueled bullishness in the market.

Read more at Yahoo Finance: Wall Street sees AI, rate-cut optimism fueling rally