Market Momentum: S&P 500 Rises on Court’s Trump Tariff Ruling; Nasdaq Surges Following Nvidia’s Impressive Earnings – Live Updates!

Traders on the New York Stock Exchange saw some excitement recently. Stocks rose on Thursday after a federal court overturned former President Donald Trump’s "reciprocal" tariffs. This decision seemed to boost confidence among investors. Solid earnings reports from Nvidia, a leader in artificial intelligence, also played a big role in the market’s uptick.

The S&P 500 climbed 0.8%, while the Nasdaq Composite surged by 1.5%, putting it back in the green for the year. The Dow Jones Industrial Average gained 46 points, or 0.1%.

The judge’s ruling came after many concerns about Trump’s tariffs stirred unrest in the market last month. Investors worried about the potential impact on trade and rising inflation. The court ruled that Trump had overstepped his authority, leading to a temporary wave of relief. However, there are still concerns that ongoing negotiations with other countries might drag out longer than expected.

Adam Crisafulli from Vital Knowledge warned, "The tariff drama isn’t over." He noted that Trump could still explore other legal options to pursue his tariff plans.

Nvidia’s recent earnings report was a bright spot. Shares jumped over 5% after the company reported impressive growth, particularly in its data center business, which saw a remarkable 73% increase year-over-year. James Demmert from Main Street Research remarked that Nvidia’s performance is crucial for overall market optimism, especially as investors shift their focus from political headlines to the potential of AI technologies.

Despite a rocky Wednesday where the S&P 500 fell nearly 0.6%, signs are pointing toward a positive end for the week and the month. The Nasdaq alone has seen a more than 10% rise in May, with recent developments, including Trump postponing the implementation of a steep 50% tariff on the EU, boosting investor sentiment. With the S&P 500 up 6% this month and the Nasdaq increasing by 11%, the tech sector looks particularly strong.

Recent trends on social media show growing interest in AI and its potential impact on the economy. As technology continues to evolve, it seems that stocks tied to AI innovation may play a central role in shaping future market movements.

For more in-depth information on market trends, you can find reports from reputable sources like CNBC and Bloomberg.

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