NEW YORK — Stocks are rising on Thursday after a U.S. court blocked many of President Donald Trump’s sweeping tariffs , though the gains got less strong as trading progressed from Asia to New York.

The S&P 500 was 0.6% higher in morning trading, and it pulled within 3.6% of its all-time high set earlier this year. It had dropped roughly 20% below the mark last month, when fears were at their worst about whether Trump’s trade war would drive the economy into a recession.

The Dow Jones Industrial Average was up 80 points, or 0.2%, as of 10 a.m. Eastern time, and the Nasdaq composite was 0.9% higher.

The gains were even bigger in Asia, where markets had the first chance to react to the ruling late Wednesday by the U.S. Court of International Trade in New York. It said that the 197

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