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It’s time for your Yahoo! Finance market minute. U.S. stocks higher today after a solid earnings report from Nvidia and following a court ruling that banned the majority of President Trump’s tariffs. U.S. dollar pairing back earlier gains. The greenback initially rallying on the back of the tariff block. However, analysts on Wall Street have said there are other ways for Trump to impose his tariffs. Plus, oil giving back earlier gains after data showing the U.S. economy contracted in the first quarter. GDP declined by 2/10ths of a percent, slightly better than the previous read for first-quarter GDP. Meanwhile, initial jobless claims ticking higher in the latest reading. All of this adding to fears that slowing consumer demand will leave the energy industry with a supply glut. That is your Yahoo! Finance market minute for this morning. If you want to monitor more of what is trending on the Yahoo! Finance platform, you can scan the QR code below to track the best and worst performing stocks.
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