U.S. stocks ended higher Thursday, lifted by Nvidia’s (NASDAQ:NVDA) strong quarterly performance, despite investor unease over conflicting court rulings on Trump-era tariffs. The S&P 500 gained 0.40%, the Dow rose 0.28%, and the Nasdaq added 0.39%.
Nvidia shares climbed 3.2% after it reported robust sales fueled by a surge in demand for AI chips ahead of U.S. export restrictions to China. However, the company warned the new curbs could cut $8 billion from next quarter’s sales. Nvidia is now up just 3.6% year-to-date and was the final "Magnificent Seven" tech giant to report this season.
The session was marked by volatility after a late-day appeals court ruling reinstated sweeping tariffs introduced by former President Donald Trump, just a day after a lower court had blocked them. Market watchers, however, appeared less reactive. "These court rulings are just headlines," said Adam Sarhan of 50 Park Investments, noting Trump often rolls back tariffs after making bold announcements—a trend dubbed "TACO" (Trump Always Chickens Out).
Salesforce (NYSE:CRM) fell 3.3% despite raising its annual forecasts, while Best Buy (NYSE:BBY) sank 7.3% on weaker sales guidance due to tariff concerns. Boeing (NYSE:BA) rose 3.3% after announcing plans to ramp up 737 MAX production.
Investors are focusing on corporate earnings as a key driver. “It’s about earnings in general,” said Oliver Pursche of Wealthspire Advisors. First-quarter GDP data showed a 0.2% contraction, slightly better than the expected 0.3% decline.
Market breadth was strong, with advancing stocks outnumbering decliners 2.26-to-1 on the NYSE and 1.48-to-1 on the Nasdaq. Trading volume hit 18.65 billion shares, above the 20-day average of 17.7 billion, reflecting heightened investor activity amid mixed economic and policy signals.


Thailand Inflation Remains Negative for 10th Straight Month in January
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Australia’s December Trade Surplus Expands but Falls Short of Expectations
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 



