US Market | Wall Street futures dip as tariff doubts hit risk appetite

Group 1: Supreme Court Ruling and Tariff Implications - The Supreme Court ruled 6-3 to void most tariffs imposed by Trump, stating the emergency law used did not permit such tariffs [1] - Trump announced a new global levy of 10% to 15% that may last five months while seeking more sustainable solutions [1] Group 2: Market Reactions and Corporate Concerns - The stock market reacted positively to the Supreme Court's decision, with all three main indexes showing weekly gains, and the Nasdaq ending a five-week losing streak [4][5] - Corporate America is facing significant uncertainty regarding planning due to fluctuating tariffs and supply chain issues, as highlighted by Arthur Laffer Jr. [2] Group 3: Sector Performance and Earnings Outlook - High stock valuations and fears of AI disruption have pressured technology and other sectors, with the S&P 500 software and services index down over 20% this year [7][10] - Major software firms' earnings, including Salesforce and Intuit, are anticipated this week, as investors seek insights into the impact of AI spending [7][10] Group 4: Individual Stock Movements - Eli Lilly's stock rose 4% following positive trial results against a competitor's obesity drug [8][10] - Cryptocurrency-related stocks fell as Bitcoin dropped approximately 2%, affecting companies like Coinbase Global [8][10] - Gold and silver miners saw gains, with Newmont and Hecla Mining increasing by 1.1% and 2.5% respectively [8][10]