Retail and apparel stocks spike after Supreme Court strikes down President Trump's tariffs

Retail and apparel stocks spiked Friday morning after the Supreme Court struck down President Trump’s sweeping tariffs.Shares of Victoria’s Secret jumped as much as 5.6% as Dollar Tree cashed in with a 4% pop and Abercrombie & Fitch flexed a 5.5% gain. Lululemon and Dick’s Sporting Goods saw smaller spikes.The National Retail Federation welcomed the Supreme Court’s blockbuster decision stating Congress, not the president, has the power to impose tariffs.Retail and apparel stocks jumped Friday after the Supr ...