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Barchart
Barchart
Rich Asplund

Stocks Rally After Supreme Court Rejects President Trumps Tariffs

The S&P 500 Index ($SPX) (SPY) today is up +0.43%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.33%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.60%.  

U.S. equities climbed on Friday morning as investors reacted to a landmark 6-3 Supreme Court decision that struck down a significant portion of President Trump’s tariff agenda, ruling that the executive branch lacks the constitutional authority to unilaterally impose such levies. The high court's majority found that the emergency law cited by the administration does not permit the president to bypass Congress to establish trade taxes

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