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 ...

The eurozone continues to hold up better than expected in the face of repeated tariff shocks and subdued international demand for its exports. - joel saget/Agence France-Presse/Getty Images Private-sector activity in the U.S. slowed in February as tariffs drove costs higher for firms, while Europe expanded at a stronger pace than anticipated as a rebound in industry signaled resilience against lingering headwinds. The S&P Global Flash U.S. Composite PMI—based on a survey of around 650 manufacturers and 5 ...

Jennifer, can I just get your initial thoughts to this decision from the Supreme Court. Well, I would agree with Senator Schumer that this is a big victory for American consumers. But I would argue from a legal perspective that it's an even bigger victory for the U.S. Constitution, because what this is basically saying is the court is acknowledging that the Constitution gives to the Congress, not to the president, the power to impose tariffs.And so this ruling is saying that the president cannot use this ty ...

Dow Jones, S&P 500, Nasdaq gains after Supreme Court tariff ruling: Stocks edged higher Friday after the Supreme Court ruled against US president Donald Trump’s sweeping tariffs, giving a lift to retailers and other companies that had struggled with rising import and manufacturing costs tied to the duties.Dow Jones Climbs After Supreme Court Tariff Ruling - DJIA Today Recovers From Early Losses After Economic Data MissThe Dow Jones Industrial Average rose 93.81 points, or 0.2%, recovering from an earlier 20 ...

We are getting some more reaction from Washington, D. C. Schumer saying that the tariff ruling is a victory for consumer wallets.There's also some reaction from the E.U. seeking clarity on the next steps. A spokesperson telling the Dow Jones news wire that they're in close contact with the U.S. administration. And Marie, I mean, there are still active in live negotiations going on, because everything that was really established, I guess, has been a framework at this point.Yeah, there are active negotiations ...

Business celebrates win over Trump tariffs, but refunds will take time | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]Item 1 of 2 A semi-truck drives past Chinese shipping containers at the Port of Los Angeles in Wilmington, California, U.S., November 5, 2025. REUTERS/Mike Blake/File Photo[1/2]A semi-truck drives past Chinese shipping containers at the Port of Los Angeles in Wilmington, California, U.S., November 5, 2025. REUTERS/ ...

A historic Supreme Court ruling invalidating President Donald Trump's sweeping global tariffs triggered a sharp rally across U.S. equities Friday, as investors cheered the removal of duties that had reshaped trade flows and markets for nearly a year.The decision, issued Friday, held that the International Emergency Economic Powers Act does not authorize the president to impose tariffs. Chief Justice John Roberts wrote that Article I of the Constitution grants Congress alone the power to levy duties and taxe ...

President Trump is the first to invoke the International Emergency Economic Powers Act of 1977 to set tariffs on imported goods from more than 100 countries. ...

John, does this ruling does it change anything in your outlook. Not at all. If if anything, when you get get an announcement like this, you've gotta consider that you you've got players on both sides of the trading floors essentially making decisions related to changing positions, repositioning, adding the positions.This this this will this has to be baked in and then considered what will actually happen. And as as you all mentioned, it will take a while for this to take effect, and then the response is lik ...

The Supreme Court dealt a blow to President Donald Trump’s trade agenda on Friday, siding against him in a case challenging the legality of tariffs that have shaped global markets and U.S. supply chains. By a 6–3 vote, the majority concluded that the law cited to justify the import duties "does not authorize the President to impose tariffs." Chief Justice John Roberts delivered the opinion of the court. Justices Clarence Thomas, Samuel Alito and Brett Kavanaugh dissented.The White House did not immediately ...