Relief Rally: Markets Gain as Supreme Court Overturns Tariffs Despite GDP Miss

U.S. equity markets finished higher on Friday, February 20, 2026, as investors processed a landmark Supreme Court ruling that overshadowed a disappointing fourth-quarter GDP report. The major indexes staged a resilient relief rally after the high court struck down the administration’s sweeping emergency tariffs, providing a significant tailwind for retail and trade-sensitive sectors that had been weighed down by rising import costs.Major Index PerformanceThe major benchmarks ended the session in positive te ...