Markets Positive on Supreme Court Ruminations, Big Earnings

Market Performance - Market indexes finished solidly in the green after a challenging pre-market scenario, with the Dow gaining +225 points (+0.48%), S&P 500 up +24 points (+0.37%), Nasdaq increasing +151 points (+0.65%), and Russell 2000 rising +37 points (+1.54%) [1] Tariff Policy and Market Sentiment - The Supreme Court questioned President Trump's authority on tariff initiatives, shifting market sentiment from skepticism to hope, with a potential ban on tariff policy seen as a major market catalyst [2] Services Sector Performance - October's Services sector data showed growth, with S&P Services PMI at 54.8%, slightly below expectations but still healthy, while ISM Services outperformed expectations at 52.4% [3] Earnings Reports Highlights - Qualcomm (QCOM) reported Q4 earnings of $3.00 per share, exceeding expectations of $2.87, with revenues of $11.27 billion, surpassing the $10.79 billion forecast, and raised guidance for the next quarter [4] - AppLovin (APP) reported Q3 earnings of $2.45 per share, beating expectations, with revenues of $1.41 billion, and announced a $3.2 billion share repurchase [5] - DoorDash (DASH) missed earnings expectations with 55 cents per share against a consensus of 68 cents, although revenues of $3.45 billion exceeded projections [6] - e.l.f. Beauty (ELF) missed quarterly revenue expectations with $343.9 million against $366.5 million anticipated, while earnings of 68 cents per share were above expectations [7] - Snap (SNAP) reported Q3 revenues of $1.50 billion, meeting earnings expectations with a +8% year-over-year increase in Daily Active Users to 477 million, leading to a +25% rise in shares [8]