Trump Tariffs Today: Dow Futures Rise After Court Blocks Trump's Levies

Global markets rallied, and stock futures jumped, after a federal trade court struck down President Trump's sweeping tariffs.

S&P 500 futures rose about 1%, with tech stocks getting an extra boost from Nvidia's earnings, which showed the chip maker's sales continuing to boom despite it being shut out of China.

The court's ruling late Wednesday, blocking one of the administration’s most audacious assertions of executive power, voids many of the levies that sparked a global trade war and roiled the world economy. The Trump administration plans to appeal.

The order also blows a hole in the trade talks under way with more than a dozen nations, and throws into question recent agreements with the U.K. and China.