Wall Street Soars: Nvidia's Success and Trump Tariffs Reignite Market

Wall Street surges on Nvidia's strong performance and reinstated Trump tariffs. US stocks experienced a significant uptick on Thursday, May 29th, 2025, driven primarily by two key factors: the impressive performance of Nvidia following its latest quarterly results and a surprising court ruling. The ruling reinstated the most comprehensive set of tariffs imposed during the Trump administration, a move that had previously been blocked. This unexpected development injected a wave of optimism into the market. The S&P 500 saw a robust increase of 23.62 points, closing at 5912.17. Similarly, the Nasdaq Composite gained 74.93 points, reaching 19175.87, while the Dow Jones Industrial Average climbed by 17.03 points to settle at 42215.73. "The market is still digesting the back-and-forth on the US court blocking the Trump tariffs," noted Ben McMillan, Chief Investment Officer at IDX Advisors. "It's been tariff ping-pong for lack of a better term." Despite the uncertainty surrounding the tariffs, the market reacted positively to Nvidia's strong showing, indicating a broader confidence in the tech sector and the overall economic outlook. This upward trend suggests a resilient market capable of adapting to fluctuating political and economic conditions.