Nvidia results pleased investors and eased fears over China tariffs and separately a court ruled President Trump’s tariffs are illegal with the White House vowing to appeal and Elon Musk is officially done with DOGE.

The S&P 500 rose 0.4 percent after giving up more than half of an early gain. The Dow Jones Industrial Average added 117 points, or 0.3 percent, and the Nasdaq composite rose 0.4 percent.

The S&P 500 added 0.4% on Thursday, May 29, 2025, after the latest earnings report from AI chip giant Nvidia and a court ruling against some of Trump's tariff policies.

Fidelity Investments’ Jurrien Timmer calls this a “damned-if-you-do-market," that's setting up for a rangebound 2025.

Earnings helped lift the chip maker’s shares 3.2% Thursday.

The following new stocks to watch admittedly may never deliver those kinds of gains. But there is undoubtedly interest in growth-oriented companies that have recently tapped public markets to finance their big plans for the future.

As the S&P 500 nears a fresh record and President Donald Trump’s sweeping tariffs remain in question, last month’s trade-driven market turmoil is looking more like a spring fever dream. Markets appear to be betting it won’t turn into a nightmare.