Wall Street ends higher after Supreme Court rules against Trump tariffs
By Noel Randewich and Shashwat Chauhan
Fri February 20, 2026 6:52 AM
It’s been no secret that Wall Street and U.S. industry in general have not been happy with the tariffs which have created so much uncertainty and chaos in the markets for the past year. So when the Supremes struck down the tariffs, the indexes all greeted this happily with triple digit gains in both the Dow and Nasdaq. Not that the uncertainty has been completely removed as was evidenced by the charts showing a whole lot of rollercoaster throughout the day.
Then Trump immediately turned around and, using a new law, imposed another sweeping global tariff for 150 days, the limit the law will allow. But the market was relieved that it was only 150 days and only 10% as the expectation was higher. All of this overwhelmed the bad news of disappointing GDP growth and the new PCE report showing inflation was creeping up again. All eyes now are on next week’s Nvidia report for clues on how AI is faring. For the week, all three indexes rose from ¼% on the Dow to 1.5 with the Nasdaq leading. Volume remains well below the 4-week average of 20.3, coming in today at 18.3 billion.
DJ: 49,395.16 -267.50 NAS: 22,682.73
-70.91 S&P: 6,861.89
-19.42 2/19
DJ: 49,625.97 +230.81 NAS: 22,886.07
+203.34 S&P: 6,909.51 +47.62 2/20
No comments:
Post a Comment