The US Wall Street stock market rebounded after recording a decline yesterday.
Major indexes strengthened, led by Nvidia shares jumping 5% due to rapid growth in the AI chip sales market, despite facing US export restrictions to China.
The Dow Jones Index rose 0.28%, the S&P 500 rose 0.40%, while the technology-focused Nasdaq increased 0.39%.
The positive performance prompted artificial intelligence (AI) technology stocks to grow rapidly and reflected the positive performance in the market.
Furthermore, the rise was also supported by the decision of the US International Trade Court blocking the implementation of trade tariffs by President Donald Trump.
The US court ruled that Trump's actions exceeded the authority provided under the International Emergency Economic Powers Act (IEEPA), signaling that the tariffs are likely to be repealed by early July.
Meanwhile, Trump appealed to the US Court to protect the tariff policy despite criticism as illegal by all parties.
Investors are wary of changes in market sentiment after the court moved to indict Trump over the tariff issue before resuming investment activities.
US stock market volume recorded $18.65 billion compared to an average of $17.7 billion over the full 20 trading days.
