Wall Street opened this Thursday in Green after a federal court blocked a good part of the Tariff Policy of the President of the US, Donald Trump, considering that he is exceeding his powers.
Ten minutes after the bell touch, the Nasdaq technological increased 1.21%, to 19,314 integers, while the selective S&P 500 grew 0.67%, to 5,928 points, and the Dow Jones of industrialists rose 0.16%, to be 42,166 points.
In an order issued on Wednesday, federal judges blocked the tariffs imposed by Trump under the Law of Economic Powers in International Emergencies of 1977 (IEEPA), which includes the global and “reciprocal taxes” announced on April 2, which he called “Day of Liberation”, and others prior against Canada, Mexico and China.
Find: EU Court reveals the tariffs of Trump’s ‘Day of Liberation’
Most of the tariffs collected in the order were already in pause after the bags react with strong falls and on April 9 Trump decided to keep only 10% levies for 90 days to reach agreements with each country.
This decision of the court seems to have calmed the concerns of investors, but at the same time it can generate concerns about the possibility that negotiations with the US business partners will last more than expected.
This morning, the data of the Gross Domestic Product (GDP) of the US has been announced, which contracted 0.2% in the first trimester at annualized rhythm, which is a tenth less according to the revised data published this Thursday and confirms in any case the first setback of the first world economy since 2022, a reflection of the effect of Trump’s policies.
On the other hand, Nvidia shares rose 5.7% in the opening of the stock market, after the company announced on Wednesday after the closure of Wall Street a benefit of 18,775 million dollars in the first quarter of its fiscal year, 26% more interannual.
The firm attributed this increase in its benefits to the development of artificial intelligence (AI) and its adoption for more and more companies and institutions. The technological sector was the one that registered the greatest profits in this start of the day with a rise of 1.5%.
See: Chinese bags go up after judicial blockade in the US to Trump tariffs
Among the 30 quoted of Dow Jones, the profits were headed, in addition to Nvidia, Amazon (1.39%) and UnitedHealth (1.17%), and among the greatest losses, Salesforce (-6.11%), Goldman Sachs (-0.87%) and IBM (-0.6%) highlighted.
At this time, Texas oil dropped 0.91%, to $ 61.28 a barrel.
With EFE information
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