Core Viewpoint - The U.S. stock market showed gains despite disappointing economic data, with the fourth quarter GDP growth at only 1.4%, significantly below market expectations, and inflation remaining above the Federal Reserve's target of 2% [1][10]. Economic Data - The Dow Jones Industrial Average rose by 139.56 points, or 0.28%, closing at 49,534.72 points; the Nasdaq increased by 104.267 points, or 0.46%, to 22,786.996 points; and the S&P 500 gained 20.92 points, or 0.30%, ending at 6,882.81 points [3][10]. - The U.S. GDP annualized growth rate for the fourth quarter was reported at 1.4%, compared to economists' expectations of 2.5%, and a previous quarter growth of 4.4% [3][10]. - The core Personal Consumption Expenditures (PCE) price index rose by 3% in December, aligning with market expectations but still exceeding the Federal Reserve's 2% inflation target [6][10]. Federal Reserve Insights - There is a division among Federal Reserve policymakers, with some focusing on labor market support while others prioritize inflation concerns [7][11]. - The overall trend in price increases is declining, yet inflation remains above the central bank's target, complicating the interest rate path for the Federal Reserve [10][11]. Legal and Market Reactions - The U.S. Supreme Court rejected former President Trump's global tariff policy, marking a significant legal setback for him and potentially impacting market sentiment positively if tariffs are overturned [7][11]. - Market participants are awaiting the Supreme Court's ruling and Nvidia's upcoming earnings report as potential catalysts for market movement [7][11]. - The S&P 500 index has remained flat this year, while the Nasdaq has experienced a decline, indicating a healthy market breadth that is encouraging for investors [8][11].
早盘：美股走高 美最高法院驳回特朗普关税政策
Xin Lang Cai Jing·2026-02-20 15:09