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US stocks rise as court ruling weakens Trump’s tariff authority; tech leads rally on Nvidia earnings
US stock markets surged following a court ruling against Trump's tariff authority, boosting investor confidence. Nvidia's strong earnings further fueled tech gains, leading the Nasdaq's rise. Asian markets also rallied, while a revised estimate revealed a US economic contraction in Q1 2025 due to increased imports ahead of expected tariffs, impacting GDP.
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