US stocks and the dollar retreated sharply after a Federal appeals court granted the Trump administration’s request to pause the trade court ruling that had blocked the US reciprocal tariffs. Uncertainties sparked risk-off sentiment,

U.S. stocks ended higher on Thursday as shares of Nvidia gained after its quarterly results, while investors digested a late-afternoon court ruling that reinstated the most sweeping of President Donald Trump's tariffs.

Tariffs were a defining promise of President Donald Trump's campaign, and they have been a defining feature of his second term in office. But just over five months in, many of his tariff proclamations haven’t turned into reality.