‘Just not true:' Former Kennedy Center president responds to Trump's allegations of mismanagement

Futures surged Wednesday night as a federal court knocked down President Donald Trump s reciprocal tariffs Solid earnings from artificial intelligence heavyweight Nvidia also buoyed the arena Futures tied to the S P rose while Nasdaq futures gained Dow futures added points or about On Wednesday night the U S Court of International Arrangement ruled that Trump overstepped his authority when he imposed his reciprocal tariffs The judges ordered that the challenged tariff orders be vacated The April announcement of Trump s duties the president s constantly changing approach toward transaction agenda as well as inflation fears fueled by the prospect of the tariffs roiled markets last month Certain companies have also highlighted the levies and dialed back their forecasts pointing to uncertainty around deal guidelines and the impact on the consumer For now the judges decision appears to have allayed investors worries Elsewhere Nvidia shares jumped nearly in after-hours trading The chipmaker exceeded expectations on the top and bottom lines in the first quarter as its records center business recorded year-over-year progress of Wednesday s Nvidia earnings description is pivotal not just for Nvidia but for the entire stock field as it can rejuvenate investor optimism across the board and help investors to focus on the power of AI and less on headlines out of Washington on tariffs and taxes explained James Demmert chief assets officer of Main Street Research Stocks are coming off of a lackluster session Wednesday The S P ended the day almost lower while the tech-heavy Nasdaq Composite lost The Dow fell nearly points or Major U S indexes are on track to close the week and month higher The S P and -stock Dow are up and this week respectively while the Nasdaq has rallied nearly The tech sector has surged more than in May fueled by AI announcements from Big Tech competitor Alphabet This month the S P has gained The Dow has added while the Nasdaq has jumped The surge in stocks comes after President Donald Trump on Sunday walked back his threat to implement a tariff on the European Union on June delaying the date to July Although investors cheered the news critiques of Trump s tariffs have emerged given their wild effect on markets Stock futures rise as court blocks Trump s reciprocal tariffs Stock futures surged after the U S Court of International Deal ruled that President Donald Trump overstepped his authority when he issued his reciprocal tariffs Dow futures were last up more than points while S P futures jumped Nasdaq futures added The Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President by the International Crisis Economic Powers Act to regulate importation by means of tariffs the judges wrote in their decision on Wednesday The judges revealed that the challenged tariff orders will be vacated and their operation permanently enjoined White House spokesperson Kush Desai pushed back on the ruling noting that exchange deficits have created a national exigency that has decimated American communities It is not for unelected judges to decide how to properly address a national crisis Desai added Read more about the decision from CNBC s Lora Kolodny and Erin Doherty here Darla Mercado Stock futures rise as court blocks Trump s reciprocal tariffs Stock futures surged after the U S Court of International Arrangement ruled that President Donald Trump overstepped his authority when he issued his reciprocal tariffs Dow futures were last up more than points while S P futures jumped Nasdaq futures added The Worldwide and Retaliatory Tariff Orders exceed any authority granted to the President by the International Exigency Economic Powers Act to regulate importation by means of tariffs the judges wrote in their decision on Wednesday The judges reported that the challenged tariff orders will be vacated and their operation permanently enjoined White House spokesperson Kush Desai pushed back on the ruling noting that commerce deficits have created a national crisis that has decimated American communities It is not for unelected judges to decide how to properly address a national urgency Desai added Read more about the decision from CNBC s Lora Kolodny and Erin Doherty here Darla Mercado Nvidia s next key breakout level is per share says chief technical strategist Larry Tentarelli chief technical strategist and founder of the Blue Chip Daily Trend Assessment sees substantial gains ahead for Nvidia this year Nvidia shares jumped nearly in after-hours trading Wednesday after the chipmaker beat first-quarter earnings and revenue expectations as its information center business saw booming advance even as China restrictions weighed on sales The stock is up this month and is just higher year to date Shares last closed at From a technical perspective is a key breakout level that we would like to see the stock close above in the next days Tentarelli revealed The stock is in an uptrend over rising and -day moving averages This indicates an uptrend on multiple time frames After a correction earlier in the stock has reclaimed the daily moving averages and also a retracement level of We are bullish on Nvidia here Tentarelli s year-end price target of per share suggests foreseen upside Pia Singh Several stocks are moving in after-hours trading Wednesday including Nvidia Check out the companies making headlines after territory close Nvidia The artificial intelligence chipmaker s shares jumped after Nvidia announced better-than-expected quarterly results as its figures center business recorded year-over-year rise of Nvidia announced first-quarter adjusted earnings per share of cents on revenue of billion higher than analysts estimates for earnings of cents a share on revenue of billion according to LSEG C ai The enterprise artificial intelligence platform company saw its shares pop on the back of a strong quarterly financial document For its fiscal fourth quarter C ai informed a loss of cents per share while analysts surveyed by LSEG forecasted a loss of cents per share C ai s revenue of million for the period exceeded the consensus estimate of million per LSEG Salesforce Shares of the sales and customer arrangement application maker rose about after the company posted better-than-expected fiscal first-quarter results and lifted its full-year forecast Salesforce announced earnings of per share excluding items while analysts polled by LSEG expected per share The company s revenue of billion beat analysts consensus call for billion For the full list read here Pia Singh S P Nasdaq futures open higher S P futures opened higher Wednesday night S P futures and Nasdaq futures climbed and respectively Dow futures hovered below the flatline down points meanwhile Pia Singh