High tariffs had more or less disappeared for the last 75 years until the Trump administration brought them back. But a unique database of investment returns that dates back to 1875 shows that high tariffs can coexist with stock-market gains.

In 100 days full of surprises for investors, the S&P 500 and Dow nearly recouped their April declines – even with a worse-than-expect GDP report.

Trump makes a momentous political comeback, breaking through the "blue wall" to win 312 electoral votes. Trump becomes only the second US president in history to be elected to non-consecutive terms, following Grover Cleveland (the 22nd and 24th US president).

With shares down nearly 20% year to date, Nvidia (NASDAQ: NVDA) had a rough start to 2025. The massive artificial intelligence (AI) chipmaker has proven vulnerable to trade and geopolitical uncertainty during the opening months of the Trump administration,

Despite being one of the winners of the ongoing AI boom, Nvidia’s NVDA “prospects are well understood and largely priced into the stock,” Seaport analyst Jay Goldberg said in the note. The chipmaker’s stock is down 21% so far this year,

Nvidia stock was rising Thursday after major customers Microsoft and Meta Platforms signaled they will continue to spend heavily on artificial-intelligence infrastructure. Nvidia shares were up 4.1% at $113.