By David Goldman, John Towfighi and Alicia Wallace, CNN

New York (CNN) — 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.

The Dow closed higher by 117 points, or 0.28%, after fluctuating throughout the day. The S&P 500 gained 0.4% and the tech-heavy Nasdaq Composite gained 0.39%.

Stocks initially jumped higher after a federal court ruled late Wednesday that Trump overstepped his authority to impose sweeping tariffs, throwing into chaos the administration’s core trade policy that has threatened to raise prices for businesses and slow the economy.

Investors cheered, but not overwhelmingly — and a morning rally lost steam on Thursday as investors assessed the

See Full Page