Unbiased News Awaits.
Published loading...Updated

Markets welcome court ruling against Trump’s tariffs as shares, US dollar and oil gain

  • A US Federal Court blocked President Trump's 'Liberation Day' tariffs on May 29, 2025, influencing market behavior in the United States.
  • This court decision followed ongoing trade tensions and contributed to improvements in optimism about the US economic outlook through trade agreements.
  • Following Nvidia’s robust earnings report for the March quarter, its stock rose roughly 4%, while the US dollar gained for a second straight day amid broader market advances, including oil prices climbing more than 1%.
  • Brent crude closed at $64.90 per barrel, marking an increase of 81 cents, while copper prices dropped 1.4% and the Australian dollar fell to 64.2 US cents.
  • The ruling encouraged positive sentiment in markets, suggesting potential easing of trade risks and continued investor focus on upcoming corporate results and expenditure data.
Insights by Ground AI
Does this summary seem wrong?

359 Articles

All
Left
49
Center
82
Right
33
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 50% of the sources are Center
50% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

CNBC broke the news in United States on Wednesday, May 28, 2025.
Sources are mostly out of (0)