XPost: misc.legal, misc.taxes, alt.fan.rush-limbaugh   
   XPost: sac.politics, alt.politics.economics   
   From: noreply@mixmin.net   
      
   NEW YORK (AP) — Wall Street kept calm Friday after the Supreme Court   
   struck down President Donald Trump’s sweeping tariffs, which had   
   triggered panic in financial markets when announced last year, and   
   stocks ticked higher.   
      
   The S&P 500 rose 0.7%. It had been flipping between small gains and   
   losses before the court’s ruling, following discouraging reports showing   
   slowing growth for the U.S. economy and faster inflation.   
      
   The Dow Jones Industrial Average added 230 points, or 0.5%, and the   
   Nasdaq composite rose 0.9%.   
      
   Many on Wall Street were likely expecting such a ruling from the Supreme   
   Court, according to Brian Jacobsen, chief economic strategist at Annex   
   Wealth Management. That likely led to the relatively muted reactions   
   across financial markets, and trading remained tentative as investors   
   tried to suss out the long-term effects.   
      
   Tariffs also aren’t going away, even with the Supreme Court’s ruling.   
   Trump in the afternoon said he would use other avenues to put taxes on   
   imports from other countries after calling the court’s decision   
   terrible.   
      
   “Just so you understand, we have tariffs, we just have them in a   
   different way,” Trump told reporters in an afternoon briefing. He said   
   he would sign an executive order to impose a 10% global tariff under a   
   law that could limit it to 150 days. The president also said he’s   
   exploring other tariffs through other avenues, ones that would require   
   an investigation through the Commerce Department.   
      
   “During that period of about five months, we are doing the various   
   investigations necessary to put fair tariffs – or tariffs, period – on   
   other countries,” Trump said.   
      
   Earlier in his comments, Trump said that the Supreme Court’s ruling had   
   other countries “dancing in the streets, but they won’t be dancing for   
   long.”   
      
   Among the tentative moves across markets, Treasury yields edged a bit   
   higher in the bond market.   
      
   If investors thought the tariff ruling would improve inflation   
   significantly, it could have sent yields lower. On the other hand, if   
   investors were worried about the U.S. government’s debt rising faster in   
   the future because of the loss of revenue from tariffs, long-term yields   
   could have jumped. For now, at least, yields held relatively steady.   
      
   The stock price of Ralph Lauren, meanwhile, rushed from an early loss to   
   a gain of 3.3% after investors learned of the Supreme Court’s ruling.   
   But it quickly flipped back to a loss before finishing with a rise of   
   2.2%. During April last year, the stock had dropped nearly 23% in four   
   days after Trump announced his tariffs because of worries about how they   
   would hurt its profits.   
      
   In other markets, gold’s price slumped briefly after the ruling and then   
   erased the loss. Stock indexes in Europe added to their gains from   
   earlier in the day, while the U.S. dollar’s value edged down against   
   other currencies.   
      
   Heading into the day, the main event for markets had seemed to be   
   discouraging reports showing slowing U.S. economic growth and   
   accelerating inflation. They found a relatively muted response from   
   investors.   
      
   While the reports underscore the tricky situation the Federal Reserve   
   faces as it sets interest rates, they did not change traders’   
   expectations much for what the Fed will ultimately do. Traders are still   
   betting that the Fed will lower rates at least twice this year,   
   according to data from CME Group. Some shifted bets for the timing of   
   when the cuts could begin to slightly later in the summer.   
      
   Lower interest rates would give the economy and investment prices a   
   boost, but they also risk worsening inflation. Fed officials said at   
   their last meeting that they want to see inflation fall further before   
   they would support cutting rates further.   
      
   The yield on the 10-year Treasury remained at 4.08%, where it was late   
   Thursday. The two-year yield, which more closely tracks expectations for   
   Fed action, inched up to 3.48% from 3.47%.   
      
   All told, the S&P 500 rose 47.62 points to 6,909.51. The Dow Jones   
   Industrial Average added 230.81 to 49,625.97, and the Nasdaq composite   
   rose 203.34 to 22,886.07.   
      
   https://www.vindy.com/news/business-news/2026/02/wall-street-keeps-calm-a   
   fter-high-court-strikes-down-trumps-tariffs/   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)