(Sharecast News) - Wall Street futures were in the green ahead of the bell as market participants digested news that a federal court had struck down Donald Trump's so-called "reciprocal" tariffs and cheered solid earnings from AI darling Nvidia.
As of 1230 BST, Dow Jones futures were up 0.54%, while S&P 500 and Nasdaq-100 futures had the indices opening 1.14% and 1.63% firmer, respectively.

The Dow closed 244.95 points lower on Wednesday, taking a bite out of gains recorded in the previous session, as minutes from the Federal Reserve's latest two-day policy meeting revealed that policymakers were growing more concerned about the potentially inflationary impact of Trump's "Liberation Day" tariffs.

However, on Wednesday night, the US Court of International Trade ruled that Trump had overstepped his authority when imposing his "reciprocal" tariffs and ordered that the challenged tariff orders be vacated.

Elsewhere, shares in chipmaker Nvidia were up more than 5% in pre-market trading after the tech giant's Q1 figures exceeded expectations on both the top and bottom lines, driven by a 73% year-on-year improvement in its data centre business.

Geopolitical concerns were also drawing an amount of investor attention as reports circulated that Israel was preparing to attack nuclear-related sites across Iran.

On the macro slate, weekly jobless claims figures will be out at 1330 BST, as will a preliminary reading of Q1 GDP, while pending home sales will follow at 1500 BST.

In terms of earnings, Best Buy will report earnings before the open, while Dell Technologies and Costco will deliver their latest quarterly numbers after the close.



Reporting by Iain Gilbert at Sharecast.com

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