US EditionStock Market Today: Dow Futures Edge Lower; Trump Tariff Ruling Put on Hold — Live Updates
- Nvidia reported $44 billion in revenue and $18.8 billion in quarterly profits for the April quarter, driving its shares up 3.3% on May 29 in New York.
- The strong earnings followed CEO Jensen Huang's acknowledgment of an $8 billion revenue hit from US export restrictions on China but rising demand in other regions.
- On May 29, Federal Reserve Chair Jerome Powell held a meeting with President Trump at the White House, after which the Fed emphasized its commitment to independence and a policy approach guided solely by economic data.
- The Fed confirmed the meeting was held at the President’s request, and Powell clarified that he refrained from outlining any monetary policy forecasts, instead highlighting that future decisions will be guided solely by economic data.
- US stocks closed modestly higher with the S&P 500 up 0.4% to 5,912.17 and the Nasdaq rising 0.39%, led by Nvidia gains despite ongoing tariff-related trade uncertainties.
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U.S. Stock Market Reacts to Unexpected Court Ruling on Tariffs - Real News Now
A substantial upturn in stock markets that began in Asia on Thursday saw momentum dissipate by the time the trading day extended into Europe and across the Atlantic to the United States. This was mainly provoked by uncertainties revolving around the possible reverberations of a recent ruling by a U.S court, which invalidated numerous tariffs put in place under the Trump administration. The S&P 500 experienced a marginal growth of 0.4%, although …
US stocks rise as market weighs tariff ruling
NEW YORK, United States — US stocks finished modestly higher Thursday following strong earnings from Nvidia. This also happened as a judicial ruling added to uncertainty about President Donald Trump’s tariffs. Nvidia jumped 3.3 percent after reporting a mammoth $18.8 billion in quarterly profits. This came even with a multi-billion dollar hit from US export
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