U.S. stocks seesaw after Supreme Court strikes down most of Trump’s tariffs



U.S. stocks briefly rose Friday in the minutes after the Supreme Court said that President Donald Trump could not impose sweeping tariffs under the International Economic Emergency Powers Act.

In the moments after the decision, the broad-based S&P 500 went from trading in the red to jumping 0.5%. The Nasdaq, which more closely tracks tech companies, soared 0.6%.

After the ruling, which did not outline a refund process, stocks wavered and briefly turned lower before returning to positive territory. As of 10:20 a.m. ET, stocks were back near the highs of the day.

The yield on U.S. Treasury bonds jumped across maturities. Yields on the 10-year bond, which mortgage rates often track closely, rose to 4.09%. The 30-year Treasury yield rose to 4.74%.

The U.S. dollar jumped against other currencies, such as the British pound, Euro and Japan’s yen, a signal that investors are taking the Supreme Court decision favorably. The dollar’s strength can often correlate to trust in U.S. assets and stability.

Companies whose businesses are heavily exposed to tariffs, such as retailers and appliance makers, immediately became some of the best performing stocks of the day.

Apple, Ford, Coca-Cola and Target were some of the companies that saw an immediate spike after the ruling.

The S&P 500 sectors that track consumer discretionary, industrial, real estate and technology stocks rose to the highs of the day, outpacing other less tariff-exposed sectors.



Source link

  • Related Posts

    Trump calls Supreme Court striking down tariffs ‘disappointing’

    IE 11 is not supported. For an optimal experience visit our site on another browser. Now Playing Trump: Supreme Court tariff ruling is ‘disappointing’ and justices should be ‘ashamed’ 01:22…

    FT Portfolios Canada Co. Announces Cash Distributions for Its Exchange Traded Funds

    First Trust Canada is the trustee, manager and promoter of the First Trust ETFs. First Trust Canada and its affiliates First Trust Advisors L.P. (“FTA”), portfolio advisor to the First…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Connor McDavid sets points record at single Olympics with NHL players

    Connor McDavid sets points record at single Olympics with NHL players

    Best Fitness Trackers For Outdoor Workouts and Activities

    Best Fitness Trackers For Outdoor Workouts and Activities

    ‘Free ke paise le raha hai kya bhai?’ Pakistan coach under fire after loss against India in T20 World Cup

    ‘Free ke paise le raha hai kya bhai?’ Pakistan coach under fire after loss against India in T20 World Cup

    29 of the Best Spring Madewell and J.Crew Items 2026

    29 of the Best Spring Madewell and J.Crew Items 2026

    Corporate America demands refunds after Donald Trump’s tariffs are struck down

    Corporate America demands refunds after Donald Trump’s tariffs are struck down

    Trump says 10 per cent global tariff coming after Supreme Court ruling

    Trump says 10 per cent global tariff coming after Supreme Court ruling