Economic data drags down US stocks at the open, three major stock indexes rebound after Trump's tariffs are overturned.

After the Supreme Court of the United States overturned President Donald Trump's global tariff measures, the stock market rose while bonds and the dollar fell, with investors evaluating how this decision will affect US trade policy. Over 300 constituent stocks in the S&P 500 index rose, driving the index to expand its weekly gains. The Supreme Court ruling stated that Trump's use of federal emergency powers to implement "reciprocal" tariffs globally and the government's imposition of targeted import taxes to combat fentanyl trafficking exceeded his authority. Brian Jacobsen of Annex Wealth Management said, "This means the Trump administration will shift towards tariffs targeting specific countries and industries, which will take longer to implement." Jacobsen also noted that Trump could issue temporary comprehensive tariff measures, but the amount and duration would be more limited. This will give him time to complete the procedural steps necessary to implement the required tariffs.