US stocks closed higher Thursday amid ongoing uncertainty over President Donald Trump’s tariffs.
The market rallied in the morning after a US Court blocked the broad tariffs Wednesday, ruling Trump had exceeded his authority. However, gains were trimmed after the White House appealed, arguing the decision hurt diplomacy and presidential powers. An appeals court then temporarily suspended the lower court’s ruling.
On the economic front, the US Commerce Department reported the economy shrank by 0.2% in the first quarter, a slight improvement from the preliminary estimate of a 0.3% contraction. The slowdown was mainly due to higher imports and lower government spending.
Weekly unemployment claims rose by 14,000 to 240,000, above expectations.
President Trump and Federal Reserve Chair Jerome Powell also met to discuss key economic issues including growth, jobs, and inflation.
The Dow Jones closed up 0.28% at 42,215.73, the Nasdaq rose 0.39% to 19,175.87, and the S&P 500 gained 0.40% to 5,912.17.
The VIX, or “fear index,” fell 0.67% to 19.18.
Armenian Prime Minister Nikol Pashinyan said key aspects of reopening regional transport routes have been resolved under the implementation framework ...
Ukraine and the International Monetary Fund (IMF) held talks on Thursday to prepare a new programme providing expanded financing for 2026–2029, aime...
President Donald Trump announced Thursday evening that the long-awaited “Board of Peace” to oversee Gaza’s reconstruction has officially been fo...
At least 18 people were injured on Thursday after a stun grenade exploded at an Interior Ministry vocational training centre in Russia’s Republic of...
The White House said Thursday that Iranian authorities have stopped 800 executions that were scheduled amid ongoing protests, as the U.S. continues to...
Armenian Prime Minister Nikol Pashinyan said key aspects of reopening regional transport routes have been resolved under the implementation framework of the Trump Route for International Peace and Prosperity (TRIPP) initiative.
Ukraine and the International Monetary Fund (IMF) held talks on Thursday to prepare a new programme providing expanded financing for 2026–2029, aimed at supporting the country’s economy and reconstruction efforts amid ongoing Russian attacks.
President Donald Trump announced Thursday evening that the long-awaited “Board of Peace” to oversee Gaza’s reconstruction has officially been formed.
At least 18 people were injured on Thursday after a stun grenade exploded at an Interior Ministry vocational training centre in Russia’s Republic of Komi, according to state media.
The Trump administration will suspend all visa processing for visitors from 75 countries beginning 21 January 2026, according to a State Department memo reported by media.
At least four people were injured after a large fire and explosions hit a residential building in the Dutch city of Utrecht, authorities said.
Sweden is sending a group of military officers to Greenland at Denmark’s request, Prime Minister Ulf Kristersson said on Wednesday, as Nordic countries and NATO allies step up coordination around the Arctic territory.
Saudi Arabia has informed Iran that it will not allow its territory or airspace to be used for any military action against Tehran, according to two sources close to the kingdom’s government cited by AFP.
Romania has reiterated its openness to discussions on a potential unification with neighbouring Republic of Moldova, following recent remarks by Moldova’s president.
Ukraine and the International Monetary Fund (IMF) held talks on Thursday to prepare a new programme providing expanded financing for 2026–2029, aimed at supporting the country’s economy and reconstruction efforts amid ongoing Russian attacks.
President Donald Trump announced Thursday evening that the long-awaited “Board of Peace” to oversee Gaza’s reconstruction has officially been formed.
At least 18 people were injured on Thursday after a stun grenade exploded at an Interior Ministry vocational training centre in Russia’s Republic of Komi, according to state media.
The White House said Thursday that Iranian authorities have stopped 800 executions that were scheduled amid ongoing protests, as the U.S. continues to monitor events in Tehran closely.
The White House says a meeting between Vice President JD Vance and Danish officials over Greenland was "productive."
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment