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.
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Iran has ruled out direct talks with senior U.S. envoys in the Gulf, saying any contact will take place through Qatari mediators. Meanwhile, Steve Witkoff and Jared Kushner have met in Doha with Qatar's PM Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani.
Georgia's Minister of Internal Affairs, Sulkhan Tamazashvili, has wrapped up an official visit to Armenia with a clear message: the two countries' law enforcement agencies are set to work even closer together.
Fourteen children died after the roof of a tuition centre collapsed in the Kahna suburb of Pakistan's eastern city of Lahore on Tuesday, officials said.
The latest AnewZ investigative documentary examines how Emmanuel Macron’s promise to break with France’s old political habits collided with diplomatic setbacks in Africa and legal fallout surrounding figures once close to the Élysée.
Iranian and U.S. negotiating teams were due in Doha this week, but Iran said on Monday no meeting had been scheduled as weekend missile fire from both sides tested the interim ceasefire to end the four-month-old war.
The U.S. and Iran have agreed to 'stand down' and resume technical talks, allowing vessels allowed to move freely under the interim peace deal, a U.S. official said.
Six adults were killed in a shooting at a youth welfare facility in northern Germany on Monday, with police detaining two people, including the suspected gunman.
Azerbaijan has criticised Israel’s recent decision to recognise the 1915 events involving Armenians as genocide, warning against politicising historical narratives. The response comes after Israel’s cabinet approved the proposal, which still requires parliamentary ratification.
Morocco held their nerve to beat the Netherlands on penalties after a dramatic late equaliser, Gabriel Martinelli spared Brazil's blushes with a stoppage-time winner against Japan, while Paraguay stunned Germany in the tournament's biggest shock to reach the World Cup last 16.
Fourteen children died after the roof of a tuition centre collapsed in the Kahna suburb of Pakistan's eastern city of Lahore on Tuesday, officials said.
The latest AnewZ investigative documentary examines how Emmanuel Macron’s promise to break with France’s old political habits collided with diplomatic setbacks in Africa and legal fallout surrounding figures once close to the Élysée.
A severe heatwave in France has overwhelmed funeral services and mortuary storage facilities, with undertakers reporting they are unable to cope with a surge in deaths linked to extreme temperatures.
Greek rescue teams searched on Tuesday after a four-storey apartment building collapsed in the Petralona district of Athens. Four people initially feared trapped were later found safe, while search operations continued as a precaution.
UK Prime Minister Keir Starmer has unveiled a £15 billion (U.S.$20 billion) defence investment plan to modernise Britain's armed forces and prepare for future security threats. The announcement comes ahead of next month's NATO summit in Ankara.
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