SCOTUS Tariff Ruling Ignites Relief Rally as Markets Weigh Soft GDP and Sticky Inflation

U.S. equity markets are experiencing a volatile but ultimately upward-trending afternoon session this Friday, February 20, 2026. The primary catalyst for today’s price action is a landmark 6-3 decision by the Supreme Court, which struck down President Trump’s sweeping global tariffs. The ruling has sparked a significant relief rally across trade-sensitive sectors, effectively counterbalancing a disappointing fourth-quarter Gross Domestic Product (GDP) report and persistent inflationary signals that had init ...