New York, May 29, 2025 – Stocks opened higher on Wall Street following a landmark U.S. court ruling that struck down several major tariffs imposed during former President Donald Trump’s administration. The decision, which deemed the tariffs an overreach of executive authority and legally unjustified, boosted investor confidence, leading to a broad market rally. Technology and automobile sectors led the gains, with major IT and auto stocks showing significant upward movement in early trading.
Market analysts noted that the court’s ruling is expected to ease trade tensions and reduce costs for manufacturers and consumers, contributing to improved business sentiment. The verdict also reassured investors about the balance of power in trade policymaking and the potential for more stable trade relations ahead. As the day progresses, market watchers will closely monitor the ripple effects of the ruling on both domestic industries and international trade dynamics.
