Here are 3 forces that drove the stock market during Wall Street’s comeback week

Market Overview - The stock market rebounded last week, with the Nasdaq ending a five-week losing streak, rising 1.9% due to strong performances from major tech companies like Meta Platforms, Nvidia, and Amazon [1] - The S&P 500 increased by 1.1%, breaking a two-week decline, aided by a Supreme Court ruling against President Trump's emergency tariffs [1] Supreme Court Ruling - The Supreme Court ruled 6-3 against Trump's tariffs, stating that no president had previously used the statute to impose tariffs of such magnitude, requiring clear congressional authorization for such actions [1] - Following the ruling, the S&P 500 rose 0.7%, although some companies like Nike experienced a decline due to ongoing tariff concerns [1] Big Tech Performance - Major tech stocks saw significant gains, with Meta up 2.5% and Nvidia up 3.8% after Meta announced plans to use Nvidia's chips in its data centers, highlighting strong AI demand [1] - Amazon's shares surged 5.6% after a regulatory filing revealed that Bill Ackman's Pershing Square increased its position in the company [1] - Alphabet's stock initially lagged but later rallied to end the week up 3% [1] Private Credit Concerns - Concerns in the private credit market arose from Blue Owl Capital's decision to restrict withdrawals from its private debt fund, causing a nearly 6% drop in its shares [1] - Major private asset managers like Ares Management and Blackstone faced significant declines, with Ares down 8% and Blackstone down 6.6% [1] - Despite these concerns, BlackRock's exposure to private credit did not raise alarms, as its shares only dropped 1% before recovering [1] Portfolio Adjustments - Capital One was the only financial stock traded last week, with additional shares purchased [1] - The company exited its position in Texas Roadhouse due to concerns over ongoing beef inflation issues [1]