From Nasdaq: 2025-05-30 09:11:00

Wall Street closed higher on Thursday, driven by real estate and energy stocks. A federal appeals court temporarily reinstated Trump’s tariffs, boosting investor mood. Earnings from a semiconductor giant also lifted morale, with all three benchmark indexes closing in the green. The Dow Jones added 0.3%, the Nasdaq gained 0.4%, and the S&P 500 rose 0.4%.

The U.S. Court of International Trade ruled that Trump exceeded his authority with sweeping tariffs under the IEEPA. Financial markets reacted positively, anticipating reduced trade tensions. Indian markets also opened higher, reflecting optimism for U.S.-India trade relations. The Trump administration appealed the ruling, impacting market dynamics and investor sentiment.

NVIDIA’s impressive earnings report showcased a 69% revenue increase, surpassing expectations. Quarterly revenues reached $44.1 billion, with strong demand for AI chips in data centers driving growth. Despite a slight net profit dip, the market responded positively with NVIDIA’s stock rising over 3.3%. Gilead Sciences and Fair Isaac Corporation also saw stock increases.



Read more at Nasdaq: Stock Market News for May 30, 2025