US Stocks Rally as Court Blocks Trump Tariffs and Nvidia Impresses with Strong AI-Driven Earnings
18 Sources
[1]
S&P 500 Gains as Court Opposes Tariffs, Nvidia Results Impress
US stocks climbed Thursday morning as a US court blocked the bulk of President Donald Trump's import tariffs and an upbeat earnings readout from artificial intelligence darling Nvidia Corp. fueled risk appetite. The S&P 500 Index rose 0.8% as of 9:31 a.m. in New York, while the technology-heavy
[2]
US stock futures climb as federal court rules against Trump's tariffs
May 29 (Reuters) - Wall Street futures climbed on Thursday after a U.S. trade court blocked most of President Donald Trump's proposed tariffs, while shares of AI chipmaker Nvidia gained following stronger-than-expected quarterly revenue. The Court of International Trade ruled that the U.S.
[3]
Stocks rise after U.S. trade court blocks Trump's emergency tariffs
Stocks are up on Thursday following an early morning boost after a U.S. court blocked many of President Donald Trump's sweeping tariffs. But the gains got less strong as trading progressed from Asia to New York. The S&P 500 rose 26 points, or 0.5% as of 1:03 p.m. EST. The Dow Jones Industrial
[4]
Nvidia rallies as the rest of Wall Street drifts after a US court blocks many of Trump's tariffs
NEW YORK -- A big rally for stocks that began in Asia on Thursday is easing off the accelerator amid uncertainty about what will happen next after a U.S. court blocked many of President Donald Trump's sweeping tariffs. The S&P 500 rose 0.1 % in afternoon trading after giving up most of an earlier
[5]
Dow Jones Today: Stock Futures Rise as Investors Digest Court Decision to Void Trump Tariffs, Strong Nvidia Earnings Report
Stephen Wisnefski is the Executive Editor of News at Investopedia. He has more than two decades of experience as a journalist and newsroom leader, including 25 years at Dow Jones and The Wall Street Journal. Stock futures moved higher Thursday after a federal court struck down most of the Trump
[6]
Wall Street ends up with Nvidia, appeals court reinstates Trump tariffs
NEW YORK: U.S. stocks ended higher on Thursday as shares of Nvidia gained after its quarterly results, while investors digested a late-afternoon court ruling that reinstated the most sweeping of President Donald Trump's tariffs. The appeals court ruling came a day after a trade court had ordered
[7]
Nvidia rallies as the rest of Wall Street drifts after a US court blocks many of Trump's tariffs
A US court blocked many of President Trump's tariffs, initially boosting Asian stocks by nearly 2%. However, gains eased as the White House filed an appeal and uncertainty remains over other tariffs. Tech stocks led Wall Street gains, while bond yields fell amid mixed economic data and global
[8]
Markets welcome court ruling against Trump's tariffs as shares, U.S. dollar and oil gain
Financial markets welcomed a U.S. court ruling that blocks President Donald Trump from imposing sweeping tariffs on imports under an emergency-powers law. U.S. futures jumped early Thursday and oil prices rose more than $1. The U.S. dollar rose against the yen and euro. The court found the 1977
[9]
US stock futures dip as appeals court backs Trump tariffs, Nvidia boost fades By Investing.com
Investing.com-- U.S. stock index futures fell on Thursday evening after an appeals court reinstated most of President Donald Trump's sweeping trade tariffs, while gains in Nvidia and tech stocks petered out after a strong rally. The appeals court ruling saw Wall Street end well below intraday
[10]
Court ruling on tariffs, U.S. futures, Nvidia - what's moving markets By Investing.com
Investing.com - U.S. stock futures surged higher Thursday after a U.S. court declared U.S. President Donald Trump's broad-based tariffs regime invalid, helped by solid results from chip giant Nvidia. Tesla CEO Elon Muck has also announced his departure from the Trump administration, leaving his
[11]
2 Factors Why Stocks Could Gain Today | Investing.com UK
US stock futures surged in premarket trading on Thursday, May 29, 2025, driven by two major developments: a federal court's blocking of Trump's sweeping global tariffs and Nvidia's (NASDAQ:NVDA) stronger-than-expected quarterly earnings despite export control challenges. These positive catalysts
[12]
Tariff-Induced Volatility Looms Large Regardless of Trump's Court Outcome | Investing.com UK
On Wednesday afternoon, the judges from the US Court of International Trade struck down some of President Trump's tariffs. Notably, the judge's actions included an injunction on the "Liberation Day" tariffs and specific tariffs targeting China, Mexico, and Canada. The court's three judges found
[13]
Wall St gains after court blocks most Trump tariffs
(Reuters) - Wall Street's main indexes rose on Thursday after a federal court ruled against most of U.S. President Donald Trump's tariffs and AI bellwether Nvidia reported a 69% surge in quarterly sales. Nvidia jumped 5% after reporting higher-than-expected quarterly sales growth, driven by
[14]
S&P 500, Nasdaq advance as Nvidia jumps; spotlight on Trump tariff block
(Reuters) -The S&P 500 and the Nasdaq rose on Thursday, boosted by Nvidia after the AI-chipmaker posted strong revenue growth, while investors also assessed a federal court ruling that blocked most of U.S. President Donald Trump's tariffs. Nvidia added 4.8% after reporting higher-than-expected
[15]
Wall Street stocks end higher after Nvidia results
STORY: U.S stocks finished higher Thursday with the Dow gaining more than a quarter of a percent, and the S&P 500 and Nasdaq each rising about four tenths of a percent. Investors digested a late-afternoon court ruling that reinstated President Donald Trump's sweeping tariffs, reversing a trade
[16]
US stock futures climb as federal court rules against Trump's tariffs
(Reuters) -Wall Street futures climbed on Thursday after a U.S. trade court blocked most of President Donald Trump's proposed tariffs, while shares of AI chipmaker Nvidia gained following stronger-than-expected quarterly revenue. The Court of International Trade ruled that the U.S. Constitution
[17]
Wall Street rises with Nvidia; appeals court reinstates tariffs
NEW YORK (Reuters) -U.S. stocks were slightly higher in choppy afternoon trading on Thursday, with shares of Nvidia gaining after its quarterly results. A federal court ruling blocked most of U.S. President Donald Trump's tariffs, but by Thursday afternoon a U.S. appeals court had reinstated the
[18]
Wall Street ends up with Nvidia; appeals court reinstates Trump tariffs
NEW YORK (Reuters) -U.S. stocks ended slightly higher on Thursday as shares of Nvidia gained after its quarterly results, while investors digested a late-afternoon court ruling that reinstated the most sweeping of President Donald Trump's tariffs. The appeals court ruling came a day after a trade
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US stocks climb following a federal court ruling against Trump's tariffs and Nvidia's strong quarterly results, highlighting the growing influence of AI in the tech sector.
Court Ruling Sparks Market Rally
In a significant development, the U.S. Court of International Trade has blocked the majority of President Donald Trump's proposed import tariffs, leading to a surge in U.S. stock futures
1
. The court ruled that the Constitution grants Congress exclusive authority to regulate foreign commerce, a power not superseded by the president's emergency powers2
. This decision has been viewed as a positive development for both the U.S. and global economies, potentially weakening Trump's bargaining power in ongoing trade negotiations2
.
Source: Bloomberg
Market Response and Ongoing Uncertainties
The S&P 500 Index rose 0.8% in early trading, while the technology-heavy Nasdaq 100 Index jumped 1.3%
1
. However, the initial enthusiasm was tempered as trading progressed, with gains becoming more modest3
. Investors are keeping their optimism in check due to ongoing uncertainties. The White House has already filed an appeal, and the long-term outcome of legal disputes over tariffs remains uncertain4
.Nvidia's Earnings Boost Tech Sector
Source: ET
Adding to the market's positive sentiment, artificial intelligence darling Nvidia Corp. reported stronger-than-expected quarterly revenue
2
. The company's shares rallied as it eased investor concerns about a China slowdown with a solid sales forecast, stating that the AI computing market is still poised for "exponential growth"1
. Nvidia's success had a ripple effect on other chipmakers and tech giants, with companies like Advanced Micro Devices, Apple, and Meta Platforms also seeing gains2
.Broader Economic Implications
The court's ruling and Nvidia's strong performance come at a time when the U.S. economy has shown resilience. Recent data suggests that the economy likely shrunk less in the first quarter than initially estimated
4
. However, slightly more U.S. workers applied for unemployment benefits last week than economists expected, indicating ongoing labor market challenges4
.
Source: CBS
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Impact on Individual Companies
While the overall market sentiment was positive, individual companies faced varying outcomes. Best Buy, for instance, saw its shares fall after cutting its forecasted ranges for revenue and profit, citing uncertainties related to tariffs
4
. On the other hand, C3ai, an AI application software company, experienced a significant jump in its stock price following strong quarterly results and an increased contract value with the U.S. Air Force4
.Looking Ahead
As markets digest these developments, attention is turning to upcoming economic indicators and Federal Reserve policy. The second estimate for first-quarter GDP and Personal Consumption Expenditure data are expected to provide further insights into the economic landscape
2
. Additionally, several Fed policymakers are scheduled to make public remarks, which could offer clues about future monetary policy decisions2
.References
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