<h1>Equity markets volatile as trade tensions, mixed tech and bank earnings, budget impasse complicate monetary outlook and compliance</h1> U.S. equity markets traded unevenly amid escalating international trade tensions and mixed corporate earnings, with major indices swinging as technology and banking sector results influenced sentiment. Several large tech and semiconductor-related firms reported divergent outlooks, while multiple big banks posted stronger-than-expected quarterly profits though one bank flagged a softer forward forecast. The federal budget impasse has delayed key economic data, complicating central bank policy assessment and potential interest-rate adjustments. Market participants cited heightened risk from trade restrictions on critical materials and increased demand for safe havens, raising legal and regulatory oversight concerns for cross-border trade, export controls, and disclosure obligations.