Markets have subtle reaction to court striking down Trump’s ‘sweeping’ tariffs

Published May 29, 2025 10:26am ET



Wall Street began the stock trading day trending upwards hours after a federal trade court blocked President Donald Trump’s sweeping “Liberation Day” tariffs, but quickly leveled out.

The Dow Jones Industrial Average and S&P 500 saw slight gains of less than 100 points Thursday morning, while the Nasdaq Composite increased by over 190 points early in the trading day. Less than an hour after opening, the Dow dropped back down, and the other gains also diminished.

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