Market shrugs off court decision to reinstate Trump tariffs, S&P 500 rises 0.4%.

From Yahoo Finance: 2025-05-28 20:34:00

Wall Street closed higher despite federal appeals court reinstating President Trump’s tariffs. S&P 500 rose 0.4%, dollar lower against safe-haven currencies. Investors brace for more trade volatility. Market experts note numbness to tariff issue due to daily changes from multiple parties. Markets caught in chaos and uncertainty due to court decisions, executive orders, and judicial reviews. Traders react quickly but fortunes made by investing, not rapid trading. Court rulings and President’s statements create difficulty in gaining trading advantage. FX markets adopt ‘I’ll believe it when I see it’ approach to tariff announcements. Majority of levies paused until early July, traders await conclusion. Market reaction likely to be smaller in choppy trading.



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