Wall Street ends up with Nvidia, appeals court reinstates Trump tariffs

U.S. stocks ended higher on Thursday as shares of Nvidia gained after its quarterly results, while investors digested a late-afternoon court ruling that reinstated the most sweeping of President Donald Trump's tariffs.

The appeals court ruling came a day after a trade court had ordered an immediate block on the tariffs.

Trading was choppy for much of the day and indexes ended well off their highs of the session, however, with investors trying to digest the rulings and as shares of Salesforce (CRM.N), opens new tab fell 3.3%. Salesforce's stock was down even as the enterprise software provider raised its annual revenue and adjusted profit forecasts.

"Trump has already rolled back most of these tariffs anyway, so these court rulings are just headlines," said Adam Sarhan, chief executive of 50 Park Investments in New York.

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