The broad-based S&P 500 climbed 0.4 per cent to 5,912.17, while the tech-rich Nasdaq Composite Index jumped 0.4 per cent to 19,175.87.
The market’s subdued advance Thursday reflects concerns that the latest judicial actions could prolong trade uncertainty, said Art Hogan of B Riley Wealth Management.
The ruling may lead some countries negotiating with Trump to shift course if Trump is perceived as losing leverage in the talks.
“It just stretches out the trade war drama,” said Hogan.
Among individual companies, Boeing climbed 3.3 per cent after the company’s CEO said he was hopeful the company could be cleared by US regulators to significantly boost production of the 737 MAX, leading to higher revenues.
But Best Buy slumped 7.3 per cent after the electronics retailer cut its full-year forecast due to the tariffs.
