Trump’s Tariffs Blocked as Stock Market Reacts

The stock market could start of Thursday strong despite dropping Wednesday evening as trading closed off.

Written by: Timothy St. John • Thursday, May 29, 2025 • 2 min read

The Nasdaq climbed high on Wednesday before dipping.

Quick overview

The stock market experienced a temporary rise after a U.S. trade court blocked several of President Trump's global tariffs.
Despite a midday surge, major indices closed lower on Wednesday, with the Dow down 0.58% and the Nasdaq down 0.51%.
Nvidia reported better-than-expected quarterly earnings, despite facing significant losses from the Chinese market.
UnitedHealth saw gains of 1.05% on Wednesday, while Tesla's stock fluctuated but showed signs of recovery in premarket trading.

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.

Stocks fluctuated strongly on Wednesday and could climb today.

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.

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ABOUT THE AUTHOR See More

Timothy St. John

Financial Writer - European & US Desks

Timothy St John is a seasoned financial analyst and writer, catering to the dynamic landscapes of the US and European markets. Boasting over a decade of extensive freelance writing experience, he has made significant contributions to reputable platforms such as Yahoo!Finance, business.com: Expert Business Advice, Tips, and Resources - Business.com, and numerous others. Timothy's expertise lies in in-depth research and comprehensive coverage of stock and cryptocurrency movements, coupled with a keen understanding of the economic factors influencing currency dynamics. Timothy majored in English at East Tennessee State University, and you can find him on LinkedIn.