Wall Street climbs after US court shoots down Trump’s tariffs

Wall Street has reacted positively to the court’s ruling (AP Photo/Richard Drew)

Stocks worldwide are rising after a US court blocked many of US President Donald Trump’s sweeping tariffs.

The S&P 500 was 0.8% higher in early trading on Thursday. The Dow Jones Industrial Average was up 64 points, or 0.1%, and the Nasdaq composite was 1.4% higher.