US Stock Market Live: Dow futures jump 500 points after Trade Court terms reciprocal tariffs 'illegal'

US Stock Market Live: Futures on Wall Street have seen a sharp surge in the early hours of Thursday, Indian Time, after a US trade court termed President Donald Trump's imposition of global tariffs as 'illegal' and was subsequently blocked. The ruling can now be appealed by the Trump administration in the Federal court. The Dow futures are up 450 points, while the S&P 500 and Nasdaq futures are up 75 points and 330 points respectively. Watch this space for all the Live updates.

US Stock Market Live: Futures on Wall Street have seen a sharp surge in the early hours of Thursday, Indian Time, after a US trade court termed President Donald Trump's imposition of global tariffs as 'illegal' and was subsequently blocked. The ruling can now be appealed by the Trump administration in the Federal court. The Dow futures are up 470 points, while the S&P 500 and Nasdaq futures are up 85 points and 350 points respectively. The futures also received a boost from Nvidia's results, that surpassed expectations for the quarter gone by and met expectations for the ongoing quarter despite the export curbs to China. The stock rose 5% in extended trading. Fed officials justified their wait-and-watch approach to determining the interest rate path forward, according to the minutes of the recently concluded FOMC meeting. They also noted that unemployment and inflation have risen since the March meeting. Gold prices have seen further losses after the surge in futures. The US Dollar index is heading towards levels of 100, while Brent crude remains around $65 per barrel. The US treasury yield is at 4.52%. Watch this space for all the live updates.