Market Rally Gains Momentum as Court Blocks Tariffs and Bitcoin Stabilizes

The markets experienced a significant rally following the decision of a U.S. court to block President Trump's latest tariffs, providing a boost to investor confidence. The Nasdaq and S&P 500 opened robustly, buoyed by a combination of risk appetite, positive Nvidia earnings, and political relief. Meanwhile, Bitcoin remained stable around the $108,000 mark, with speculation from Scaramucci suggesting potential for a breakout. Economic indicators showed modest improvement with GDP shedding only 0.2% in the first quarter and a slight increase in jobless claims to 240,000, though Federal Reserve minutes indicate ongoing economic uncertainties. Despite the White House's move to appeal the court ruling, markets seem to expect delays and legal loopholes, yet traders remain cautious, recognizing that the situation is still unfolding.