Stock Market Rebounds as Supreme Court Strikes Down Tariffs, Nasdaq Rises 0.9%.
AI Summary1 min read
TL;DR
The Supreme Court's decision to strike down tariffs led to a stock market rebound, with the Dow rising 230 points and the Nasdaq gaining 0.9%, despite mixed economic data including lower Q4 GDP growth and a 3% rise in the core PCE price index.
The Dow Jones rose by 230 points after the Supreme Court struck down tariffs enacted under the International Emergency Economic Powers Act. Despite mixed economic data, the Nasdaq Composite gained 0.9%. Stocks traded sideways at the open after Q4 GDP growth came in below expectations, while the core PCE price index rose 3% in December.
