US Stock Market Highlights: S&P 500 climbs on strong Nvidia earnings, but trade policy confusion caps gains

US Stock Market Highlights: The S&P 500 closed higher on Thursday (May 29), supported by gains in Nvidia, though broader market momentum was limited amid legal uncertainty surrounding former President Donald Trump’s “reciprocal” tariffs. The benchmark index rose 0.4% to end at 5,912.17 after gaining as much as 0.9% intraday. The Nasdaq Composite added 0.39% to close at 19,175.87, well below its session high of a 1.5% jump. The Dow Jones Industrial Average climbed 117.03 points, or 0.28%, to finish at 42,215.73.

US Stock Market Highlights: The S&P 500 closed higher on Thursday (May 29), supported by gains in Nvidia, though broader market momentum was limited amid legal uncertainty surrounding former President Donald Trump’s “reciprocal” tariffs. The benchmark index rose 0.4% to end at 5,912.17 after gaining as much as 0.9% intraday. The Nasdaq Composite added 0.39% to close at 19,175.87, well below its session high of a 1.5% jump. The Dow Jones Industrial Average climbed 117.03 points, or 0.28%, to finish at 42,215.73. Investor sentiment turned cautious after the U.S. Court of Trade ruled late Wednesday that Trump had exceeded his authority in imposing the tariffs, ordering the measures to be vacated. However, the Trump administration swiftly appealed, and a higher court reinstated the tariffs on Thursday afternoon. Officials indicated they may ask the Supreme Court as soon as Friday to stay the lower court’s ruling, keeping the policy in place during the appeals process.