The stock market rose after a U.S. trade court blocked many of President Donald Trump’s global tariffs, creating a short-lived bump for the stock market.
As trading closed off Wednesday, the stock market indices were down, despite having jumped during the day in response to the U.S. Court of International Trade blocking several of Trump’s tariffs.
During the day, the Dow Jones climbed 1.2%, and the Nasdaq rose by 1.8%. The S&P 500 added 1.5% throughout Wednesday, but then all three indices closed low by the end of the day. As Thursday’s trading session is gearing up to start, the Dow is down by 0.58%, with the Nasdaq losing 0.51%. The S&P also fell, decreasing by 0.56%.
Trading for Thursday is expected to be mostly positive, with the tariff block processing and stirring up confidence in the market. However, the stock market is very unstable at this time, and it can easily swing between highs and lows with little influence required.
Significant Stock Movement
Nvidia (NVDA reported its quarterly earnings on Wednesday and impressed investors with its better than expected numbers. The company suffered greater impact from the Chinese market than anticipated, losing $8 billion due to export rules there. However, they reported $44.1 billion in revenue, which soundly beat the estimated $43.3 billion figure.
UnitedHealth UNH was one of the key stocks to finish Wednesday high, with gains of 1.05%. This stock bucked the trend of most of the market to clos low on Wednesday, managing to prove its value even while the company is under fire due to a criminal probe.
How has Tesla (TSLA) fared since its CEO Elon Musk announced he would be stepping back form DOGE and the company prepares to launch its robotaxi service? Their stock ended the day down by 1.04% but then climbed by 2.44% in premarket trading for Thursday. It looks like they could be in for a strong showing today.
