Nasdaq Rises as Court Blocks Trump Tariffs, Boosting Risk Sentiment

U.S. equities climbed Thursday after a federal court ruling against former President Donald Trump’s tariff policies ignited risk appetite. The Nasdaq Composite jumped 1.3% at the open, while the S&P 500 gained 0.7%. The Dow Jones Industrial Average edged up 50 points.

Market Optimism built on Wednesday’s after-hours rally, fueled by strong earnings from Nvidia and the U.S. Court of International Trade’s decision to block certain tariffs. The three-judge panel found Trump exceeded his authority under the International Emergency Economic Powers Act, though the White House has appealed.

Goldman Sachs analysts warn the administration may pursue alternative methods to implement targeted tariffs. Equity markets have exhibited heightened sensitivity to trade developments since Trump’s controversial ’Liberation Day’ tariff announcements.