US stocks turn higher as investors assess trade developments

US indices closed Thursday in the green, as investors parsed tariff developments. A court ruled President Trump overstepped his authority by imposing across-the-board duties on imports from trading partners, while an appeals court temporarily reinstated them.

The Dow Jones Industrial Average rose 0.28%, or 117 points, to settle at 42,215 points.

The S&P 500 index advanced 0.40%, or 23 points, to 5,912 points, while the Nasdaq Composite gained 0.39%, or 74 points, to close at 19,175 points.

As for European markets, the STOXX Europe 600 inched up 0.20% to 547 points.

Meanwhile, the German DAX index was down 0.45% to 23,933 points, and the French CAC 40 index fell 0.10% to 7,779 points. The British FTSE index almost lost 0.10% to 8,716 points.

The Nikkei index leapt 1.9% to 38,432 points, and the broader Topix index jumped 1.55% to 2,812 points.

Brent crude futures for July delivery dropped 1.16%, or $0.75, to $64.15 per barrel. The US West Texas Intermediate (WTI) crude futures for July delivery also decreased over 1.46%, or $0.90, to $60.94 per barrel.

Regarding gold, futures prices for August delivery were up 0.64%, or $21.5, to $3,343.90 per ounce.