From Dow Jones & Company: 2025-05-29 12:18:00

Early stock market gains faded Thursday as Wall Street grappled with the impact of a U.S. Court ruling on Trump’s trade war. The Dow dropped 214 points, the S&P 500 fell 0.1%, and the Nasdaq Composite was heading back toward breakeven after rallying on Nvidia’s earnings report.
BTIG’s chief market technician, Jonathan Krinsky, noted that the overnight tariff news created uncertainty, leading to a 2% rally in S&P futures being largely reversed. This reversal in market action gives pause and highlights the ongoing volatility and unpredictability in the current trading environment.

Read more: Stocks Give Back Early Gains. Dow Drops 200 Points.