The U.S. Supreme Court to rule on the legality of Trump tariffs, putting the stock market to the test
ChainCatcher news, according to Golden Ten Data, the U.S. Supreme Court is about to rule on the legality of the comprehensive tariffs introduced by Trump in April, which could become the next test for the stock market in the near future. The S&P 500 index has rebounded 39% from its low point that month and closed at a record high on Thursday. If the tariffs are ruled to exceed authority, the market will face uncertainty in the future. The court held its last public hearing on Wednesday, and the next session is scheduled for January 9 next year. Ohsung Kwon, chief equity strategist at Wells Fargo, expects that if the tariffs are ruled invalid, the earnings of S&P 500 constituent companies will grow by 2.4% by 2026.
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