US Stock Market LIVE Updates: Dow Jones up 30 points as Nasdaq surges on strong Nvidia results

US Stock Market LIVE Updates: A big rally for stocks that began in Asia on Thursday (May 29) is easing off the accelerator amid uncertainty about what will happen next after a US court blocked many of President Donald Trump’s sweeping tariffs. The S&P 500 was 0.3% higher in midday trading after giving up most of an earlier gain. The Dow Jones Industrial Average was down 56 points, or 0.1%, as of 11:45 a.m. Eastern time, and the Nasdaq composite was 0.6% higher.

US Stock Market LIVE Updates: A big rally for stocks that began in Asia on Thursday (May 29) is easing off the accelerator amid uncertainty about what will happen next after a US court blocked many of President Donald Trump’s sweeping tariffs. The S&P 500 was 0.3% higher in midday trading after giving up most of an earlier gain. The Dow Jones Industrial Average was down 56 points, or 0.1%, as of 11:45 a.m. Eastern time, and the Nasdaq composite was 0.6% higher. It’s a downshift after stocks initially leapt nearly 2% in Tokyo and Seoul, where markets had the first chance to react to the ruling late Wednesday by the U.S. Court of Trade. It said that the 1977 Emergency Economic Powers Act, which Trump cited for ordering massive increases in taxes on imports from around the worl,d does not authorize the use of tariffs.