US stocks decline amid uncertainty over Trump's tariffs

Bloomberg reports that US stocks fell on Thursday as investors weighed legal challenges to President Donald Trump's tariffs. The S&P 500 index dropped 0.2%, and the Nasdaq 100 fell 0.3%. The VIX volatility index briefly exceeded 20 before retreating.

Nvidia shares surged 3.3% due to the company's positive sales outlook for the January–March period, which eased concerns about an economic slowdown in China. However, renewed tensions over tariff litigation have dampened investor sentiment, according to the agency.

US stocks have climbed to record highs in recent weeks, thanks to some softening in Trump's policy decisions. Meanwhile, various US economic indicators are adding pressure. The country's GDP contracted by 0.2% in the first quarter, due to lower consumer expenditures and higher imports. Initial jobless claims also rose to 240,000 for the week ending May 24, exceeding economists’ forecasts, as reported by Bloomberg.