Today's War Room Trading Recap

📈 Market Performance Highlights

• S&P 500 and Nasdaq Composite closed just shy of all-time highs: S&P was within ~0.1%, while Nasdaq took the lead, hitting new intraday record levels i

• The Dow Jones rose approximately 0.9%, gaining ~379 points, signaling strong bullish sentiment apnews.com.

• Tech stocks led the charge:

  • Nvidia reclaimed the title of the world’s most valuable public company at ~$3.8 trillion.

  • Microsoft also hit record highs on favorable market optimism barrons.com+4investopedia.com+4wsj.com+4.

• Semiconductors rallied on strong earnings from Micron, whose upbeat forecast helped lift the sector.

🏦 Macro & Fed-Related Drivers

• U.S. dollar weakened around 1.6% this week, reaching lows not seen since 2023. Contributing factors included easing geopolitical tensions (Israel‑Iran cease‑fire) and speculation about President Trump potentially nominating a Fed chair replacement ahead of schedule.

• Two Trump-appointed Fed officials expressed openness to a July rate cut, elevating market expectations from ~12.5% to ~25% likelihood wsj.com.

• Incoming GDP data showed Q1 contracted by ~0.5%, but weekly jobless claims came in lower — painting a mixed but generally resilient picture investors.com.

🔍 Sector Movers & Notable Stocks

• McCormick spiked ~5–6% on encouraging earnings and outlook. 

• Coal/energy/mining stocks like Alcoa, Freeport-McMoRan, Albemarle also jumped over 6%, fueled by broad cyclicals strength.

• On the downside, Micron slipped ~2% post mixed reaction to earnings despite solid results .