The S&P 500 Index ($SPX) (SPY) today is up +0.58%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.18%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.03%. March E-mini S&P futures (ESH26) are up +0.60%, and March E-mini Nasdaq futures (NQH26) are up +1.04%.
Stock indexes recovered from early losses and rallied, with the S&P 500 climbing to a 1-week high after the Supreme Court struck down President Trump’s global tariffs. The Supreme Court said Mr. Trump exceeded his authority by invoking a federal emergency powers law to impose his "reciprocal" tariffs as well as targeted import taxes on countries to address fentanyl trafficking.
