Stock futures surged early Thursday morning after a federal trade court struck down a broad array of tariffs imposed during President Donald Trump’s administration , fueling optimism on Wall Street and sending tech stocks higher.

S&P 500 futures rose roughly 1%, while the Nasdaq-100 saw even sharper gains following a strong earnings report from Nvidia, whose booming chip sales helped reinforce investor confidence. Dow futures posted a more modest 0.5% gain.

The rally came on the heels of a late-Wednesday decision by the US Court of International Trade, which ruled that Trump lacked the legal authority under the International Emergency Economic Powers Act (IEEPA) of 1977 to enact a sweeping series of trade penalties.

The ruling voids many of the tariffs that triggered global retaliati

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