Stocks edged higher on Thursday as Wall Street assessed the outlook for President Donald Trump’s tariff agenda, which remains in limbo as federal courts deliberate its legality.

By Sayantani Ghosh, David Gaffen, Arpan Varghese SAN FRANCISCO/NEW YORK/BENGALURU (Reuters) -President Donald Trump's trade war has cost companies more than $34 billion in lost sales and higher costs,

The S&P 500 rose 0.4 percent after giving up more than half of an early gain. The Dow Jones Industrial Average added 117 points, or 0.3 percent, and the Nasdaq composite rose 0.4 percent.

A cloud hangs over the global economy, experts have warned after a bombshell court ruling blocked Donald Trump’s tariffs, creating more global economic “confusion and uncertainty”.Financial markets reacted positively to the unanimous ruling by three judges,

Peterson Institute Senior Fellow Olivier Blanchard speaks to Bloomberg TV's David Ingles on the uncertainty in the market as Donald Trump's global tariffs are deemed illegal by a US trade court.

The Federal Reserve kept interest rates unchanged in early May as officials weigh inflation and unemployment risks tied to Trump's tariffs and trade uncertainty.

The S&P 500 will finish the year near current levels, according to a Reuters poll, after many strategists in recent months cut their 2025 forecast for the index over uncertainty surrounding U.S. President Donald Trump's tariffs.

At the halfway mark of Trump’s 90-day tariff pause, stalled talks and global unpreparedness raise concerns for trade and U.S. importers.