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Dow, Nasdaq and S&P 500 react immediately to Supreme Court’s Trump tariff ruling and latest GDP data

By WEB DESK TEAM
February 20, 2026 1 Min Read
Comments Off on Dow, Nasdaq and S&P 500 react immediately to Supreme Court’s Trump tariff ruling and latest GDP data

The Dow, Nasdaq and S&P 500 rose sharply on Friday after the Supreme Court ruled that President Donald Trump’s “Liberation Day” tariffs were illegal. The Supreme Court said the president has no authority to impose tariffs.

A screen above the New York Stock Exchange trading station shows closing data for the Dow Jones Industrial Average (AP)
A screen above the New York Stock Exchange trading station shows closing data for the Dow Jones Industrial Average (AP)

The S&P 500 and Dow Jones Industrial Average both rose 0.4% on Friday. At the time of writing, the Nasdaq Composite was up 0.6%. This comes after three moving averages opened the day with losses.

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