The market saw an increase as S&P 500 futures rose by 1.1% following a judicial decision that blocked some of President Donald Trump’s import tariffs. Nvidia experienced a 6% rise in early trades after announcing its results, with CEO Jensen Huang predicting ‘exponential growth’ for the AI computing market. Nasdaq 100 futures climbed 1.6%, while Asian and European shares recorded smaller gains. US Treasury bonds declined and the dollar remained stable. This marked the latest reversal for markets that have been highly volatile since Trump announced so-called reciprocal duties in early April. In the weeks that followed, trillions in market value were lost and regained amid a storm of delays, reversals, and changing signals regarding potential trade agreements.
US Futures Rally After Judicial Block on Trump’s Tariffs
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in Markets