Markets react to CPI, Tesla jumps, Nvidia and quantum stocks rally on big news

Today on Morning Brief, anchors Madison Mills and Brad Smith are at the desk covering the market’s reaction to the May CPI report and a new agreement between US and Chinese officials, as a court keeps Trump’s tariffs in place for now. Tesla (TSLA) shares climb after Elon Musk says he regrets recent social media posts about Trump and announces Tesla robotaxi rides will start June 22. Nvidia (NVDA) nears a record high amid the GTC event in Paris, while quantum stocks bounce on CEO Jensen Huang’s comments about an inflection point.

Trending tickers: Nvidia (NVDA), Tesla (TSLA), Quantum Computing Inc. (QUBT)

Takeaways:

• Markets digest May CPI report as inflation remains in focus

• US and China officials agree on plan, but Trump tariffs stay in place for now

• Nvidia nears record high during Paris GTC event

• Quantum stocks rally as Huang highlights industry’s momentum

• Tesla rises after Musk expresses regret over Trump posts, robotaxi launch set for June 22

Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves.

Find this and other episodes of Morning Brief here.

Thoughts? Questions? Fan mail? Email us at yfpodcasts@yahooinc.com.

Yahoo Finance's Morning Brief is hosted by Madison Mills and Brad Smith.

Learn more about your ad choices. Visit megaphone.fm/adchoices