Stocks Surge as Court Blocks Trump's Tariffs: Investors Go All In

Nasdaq and S&P 500 Kick Off With Gains, Dow Joins the Party

Hold onto your hats, folks! Stocks went wild on Thursday, riding a wave of risk-on vibes after a U.S. court threw a wrench in President Trump's tariff plans. The Nasdaq Composite kicked things off with a bang, soaring 1.3% right out the gate. The S&P 500 wasn't far behind, jumping 0.7% as investors popped champagne over the latest tariff news. Even the old-school Dow Jones Industrial Average got in on the action, nudging up 50 points at the open.

After-Hours Surge Fueled by Nvidia and Tariff Optimism

The party started early, with stocks popping in after-hours trading on Wednesday. Nvidia's earnings report set the stage, and investors couldn't get enough. But the real kicker? A three-judge panel from the U.S. Court of International Trade decided to block some of Trump's tariffs on various countries. Talk about a game-changer!

Tariff Drama Keeps Investors on a Rollercoaster

This latest market swing is just the latest twist in a saga that's been keeping investors on the edge of their seats since Trump's "Liberation Day" tariff announcements. Over the past few months, stocks have been on a wild ride—shooting up with news of negotiations or trade deals, and plummeting when Trump drops a new tariff threat, like that time he floated a 50% tariff on the EU.

Court Ruling Sparks Legal Battle, But Trump's Team Has More Tricks Up Its Sleeve

The U.S. Court of International Trade said Trump overstepped his bounds with the International Emergency Economic Powers Act, but don't think this is the end of the road. The White House is already appealing the decision. And get this—Goldman Sachs experts are warning that while the legal drama unfolds, Trump's crew might have other ways to slap those tariffs on.

Dow Soars as Trump Delays Tariffs, But Bitcoin Stays Cool

Just when you thought things couldn't get any crazier, the Dow shot up like a rocket after Trump announced he'd delay the tariffs until July 9 if the U.S. and EU can't strike a deal. Oil prices joined the party, while Treasury yields stayed chill. Over in crypto land, Bitcoin (BTC) kept its cool, hanging out near $108k.

Scaramucci Sees Tariff Block as a Bitcoin Boon

SkyBridge Capital's Anthony Scaramucci took to X to sound off on the tariff block, saying it's the perfect setup for BTC to go bananas. He's not holding back, folks:

Thank you DOGE for erasing the illusion government can cut $2 trillion. Now the tariff revenue's blocked and won't help offset that big beautiful spending. Can bitcoin just go to $500k already?

Wall Street Reacts to Mixed Economic Data

Wall Street was feeling a bit upbeat after some fresh U.S. economic data rolled in. Turns out, gross domestic product shrank 0.2% in Q1 2025, which was a bit worse than the expected 0.3%. And get this—jobless claims jumped by 14,000 to 240,000 for the week ending May 24, 2025, coming in higher than the expected 229,000 and up from the previous week's 226,000.

Fed Minutes Reveal Continued Economic Uncertainty

Earlier, the minutes from the Federal Reserve's May meeting dropped, and they painted a picture of continued uncertainty about where the economy's headed. Fed officials noted a weakened outlook for growth, so buckle up—it's going to be a bumpy ride.