U.S. stock futures are rallying Wednesday evening after a Federal Court ruled that President Donald Trump overstepped his authority with the "Liberation Day" tariffs imposed at the beginning of April.

U.S. stock futures surged after a bombshell court ruling blocked President Trump’s sweeping “Liberation Day” tariffs. Benchmark S&P 500 futures rose 1.2 percent early Thursday, while Dow futures climbed 0.

European stock markets are higher on Thursday, tracking an overnight surge in U.S. index futures following a court ruling striking down much of President Donald Trump's tariff strategy. However, it's notable that the gains are not as effusive as those on the cards for Wall Street,

The major U.S. indices are on track to close the week, and month, higher. Before Thursday’s session, the S&P 500 and DJIA are up 1.5% and 1.2% this week, respectively, while the NASDAQ Composite has rallied nearly 2%.

Futures tied to the S&P 500 rose 1.2%, while Nasdaq 100 futures gained 1.7%. Dow futures climbed around 300 points, or 0.7%. On Wednesday night, the U.S. Court of International Trade ruled that Trump overstepped his authority when he imposed his "reciprocal" tariffs. The court ordered that the challenged tariff orders be vacated.

Nvidia’s strong earnings and a court ruling against Trump’s tariffs lift tech stocks and US indices. Traders eye inflation data and Fed signals next.

S&P 500 futures are dipping 0.1%. Dow Jones Industrial Average futures are down 0.2%. Nasdaq 100 futures are slipping 0.1%. On Tuesday, the Dow Jones Industrial Average rose 741 points, or 1.78%, to 42,

US Stock market today opened with a cautious rise as Dow, S&P 500, and Nasdaq futures edged up while investors closely track Trumps new tax bill and rising debt worries. The proposed legislation, which could add trillions to the $36 trillion deficit,

US stocks rallied after President Donald Trump indicated that trade talks with the EU were progressing in a “positive” direction, a day after agreeing to delay his threatened 50 per cent levies on the bloc.