LIVE MARKETS-US stocks gain as court rules against Trump's tariffs
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
US STOCKS GAIN AS COURT RULES AGAINST TRUMP'S TARIFFS
U.S. stocks are rising on Friday after the U.S. Supreme Court ruled against President Donald Trump's tariffs imposed on imports under the International Emergency Economic Powers Act.
"On the one hand, I think investors have for a while felt like the tariffs were a negative, so the market's reaction to go up initially is a reaction of relief that maybe this brings an end to tariffs as the main strategy the administration was using," said Rick Meckler, partner, Cherry Lane Investments, a family investment office in New Vernon, New Jersey.
"The negative of it is what happens with the money that's already been paid. And the fact that this administration has counted on tariffs as a budget balancing technique is going to create some chaos."
Reuters had reported that Penn Wharton Budget Model economists said that if the tariffs were struck down, there was a risk that more than $175 billion in U.S. tariff collections may need to be refunded.
Here is the early market snapshot:
(Caroline Valetkevitch)
EARLIER ON LIVE MARKETS:
US STOCK FUTURES WEAKEN SLIGHTLY IN WAKE OF PCE, GDP DATA CLICK HERE
MACRO CYCLE VS MARKET CYCLE CLICK HERE
IGNORE FUNDAMENTALS, FRENCH BONDS CAN KEEP RALLYING, SOCGEN SAYS, CLICK HERE
GEOPOLITICAL SELLOFFS USUALLY CREATE BUYING OPPORTUNITIES CLICK HERE
STOXX 600 IN THE LAP OF LUXURY CLICK HERE
EUROPE BEFORE THE BELL: FUTURES HIGHER, MARKETS SET FOR POSITIVE WEEK CLICK HERE
TRUMP THREATENS IRAN WITH FORCE CLICK HERE
Early market snapshot 
Related Articles
Will Bank of England Still Cut Rates in 2026? Falling Inflation Favors Loose Monetary Policy, Pound Exchange Rate May Struggle to Sustain Strength.
TradingKey - The outlook for the British Pound in 2026 is undoubtedly one of the most significant focal points for investors in the FX market. Following a structural shift in 2025 characterized by a "low start and high finish," GBP/USD successfully broke out of its two-year trading range and stabilized near 1.35 at year-end, laying the foundation for its performance in 2026.
Why the Yen Falls Further the More It Is Rescued: The Answer Lies in Japan’s Own Structural Contradictions
TradingKey - Entering early 2026, the attention of global investors is once again locked on the Japanese Yen (JPY). Despite the Bank of Japan (BoJ) gradually raising policy rates to a range of 0.5% - 0.75%, marking a definitive end to the era of negative interest rates, the yen continues to trend lower against the U.S. dollar.
What Is the Best Nuclear Energy Investment in 2026? Which Should You Buy in, OKLO or Nuclear Energy ETFs?
TradingKey - Demand for electricity is surging, and data centers designed for artificial intelligence are a big reason. Governments are also demanding cleaner, dependable power. This coupling has brought about a revival in nuclear power, with capacity expected to increase in the coming decades. To i
Stock Market Crash 2026: What Fed Signals and Economic Data Mean for Investors
TradingKey - The possibility of a stock market crash occurring in 2026 is becoming increasingly likely as investor sentiment continues to decline.
New Fed Chair Warsh Takes Office: Major Shift in Monetary Policy? US Dollar Short-Term Rebound, 2026 Investment Strategy Analysis
TradingKey - At the start of 2026, global financial markets witnessed a major leadership change as U.S. President Trump officially nominated Kevin Warsh as the next Federal Reserve Chair. Pending Senate confirmation, he will succeed Jerome Powell this May to lead the world’s most influential central bank.
