29.05.202511:15 Forex Analysis & Reviews: US Market News Digest for May 29

Tariff court ruling opens new prospects for S&P 500

Markets reacted to a US Court of International Trade ruling that found the Trump administration's tariff actions exceeded its authority. The decision has introduced fresh uncertainty for the S&P 500, as investors assess the potential impact of a rollback in tariffs.

The verdict could pave the way for new fiscal stimulus measures, potentially supporting the economy and driving equity markets higher.

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US stock indices dip, but futures point higher

The latest US trading session ended with modest declines across major indices. However, futures rebounded during early Asian trading, buoyed by the news that many of the Trump-era tariffs had been lifted.

Investor sentiment improved, further supported by upbeat earnings from Nvidia, helping the market recoup some recent losses.

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Tariff repeal fuels index rally, but risks linger

A federal court ruling to strike down all tariffs imposed by the Trump administration delivered a powerful boost to equity markets, pushing the index toward the 5,900 level. The decision injected a wave of short-term optimism.

Still, the possibility of appeals adds a layer of uncertainty, while the absence of clear market leadership and rising Treasury yields point to a high probability of a near-term correction.

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