Wall Street closed higher on Thursday, largely shrugging off a decision by a federal appeals court late Thursday reinstating President Donald Trump's tariffs. This came a day after a trade court blocked most of the U.

A split three-judge panel of the U.S. 9th Circuit Court of Appeals found that the staff cuts could have significant ripple effects and should stay on hold while a lawsuit plays out.

A U.S. appeals court on Friday refused to pause a judge's ruling blocking President Donald Trump's administration from carrying out mass layoffs of federal workers and a restructuring of government agencies as part of a sweeping government overhaul.