Wall Street is drifting toward the end of its winning week and month on Friday following a mixed set of profit reports from Gap, Ulta Beauty and other companies navigating the challenges created by President Donald Trump’s on-and-off tariffs.

The rulings against the levies in two federal courts – the U.S. Court of International Trade and the U.S. District Court in Washington, D.C. -- centered on Trump's unprecedented invocation of the International Economic Emergency Powers Act as a legal justification for tariffs.

A court ruling invalidating President Trump’s sweeping tariffs was halted hours later, throwing into question the administration’s overall approach to trade.

US stocks are lower after Trump accuses China of violating a trade deal. Administration maps new curbs. Investors shrug off cooler inflation data.

President Donald Trump's administration is considering a stopgap effort to impose tariffs on large parts of the global economy under an existing law that includes language allowing for tariffs of up to 15% for 150 days,

Wall Street and financial markets around the world jumped after a U.S. court ruled that President Donald Trump is not authorized to impose sweeping tariffs on imports under an emergency-powers law.

Tariffs were ordered to be halted: The three-judge panel of the United States Court of International Trade unanimously found that the International Emergency Economic Powers Act of 1977, which President Trump invoked to unilaterally enact duties on foreign goods, "does not authorize" the tariffs.