Stock index futures pared some gains on Thursday as the rally driven by a court striking down President Trump's April tariffs seemed to fade, but Nvidia's (NVDA) results and guidance continued to lift the mood.

Stocks edged higher on Thursday as Wall Street assessed the outlook for President Donald Trump’s tariff agenda, which remains in limbo as federal courts deliberate its legality.

Trump backed off from his threat to impose 50% tariffs on EU imports next month, restoring a July 9 deadline to allow for talks between Washington and the 27-nation bloc to produce a deal. He had said on Friday that he was recommending a 50% tariff effective June 1,

President Donald Trump’s administration insists his tariffs are here to stay, one way or another. The White House spent Thursday triaging the fallout from a pair of rulings that suspended the bulk of his tariffs,