The U.S. Court of International Trade ruled that the Trump Administration's tariffs on Canada, Mexico, and China exceeded presidential authority and ordered their repeal, while tariffs on steel and aluminum remain. In earnings news, Nvidia missed its earnings forecast but reported stronger-than-expected sales, while Best Buy's results were also mixed, with stock prices for both companies rising despite the challenges. The Dow Jones opened positively in response to these earnings reports, reflecting some investor confidence.
The U.S. Court of International Trade left Trump Administration steel and aluminum tariffs in place, but ordered the administration to repeal tariff increases on Canada, Mexico, and China.
Nvidia reported mixed earnings last night, missing earnings forecasts but exceeding sales expectations, while Best Buy's earnings also fell short.
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