China tariffs, Biden's reported tariffs, and stock markets

Interactive Brokers Chief Strategist Steve Sosnick weighs in on the trade war with China. He also tells Yahoo Finance Executive Editor Brian Sozzi about what he's looking for from Nvidia (NVDA) earnings. Apple is "the premiere value stock," he says.

Dow Jones Industrial Average holds on to gains ahead of Friday's session close. Taiwan Semiconductor Manufacturing Company (TSM) reports 60% sales jump in April for its AI chips. Biden administration preparing to report on status of US trade tariffs on China. Wall Street is listening closely as to whether possible policy changes could impact high-demand sectors.

The major stock market indexes (^DJI, ^IXIC, ^GSPC) are on the road to closing out the first full trading week of May on a high note. Novavax (NVAX) shares are skyrocketing over 110% on news of the biotech company's plans to licensing deal with Sanofi to co-commercialize its COVID-19 vaccine.