The S&P 500 index, which includes the 500 largest companies on the American stock exchange, increased, gaining 0.6%. The Nasdaq index increases by 1%.
Stock exchanges in Europe are also seeing growth, especially among companies from the automotive industry.
“This ruling has important implications for the limits of presidential power in the US and the separation of powers between the legislative and executive branches, but also as a macroeconomic catalyst for stocks, bonds, currencies and global trade flows. The Supreme Court's decision on Trump's tariffs is an important macroeconomic event with multi-faceted implications for many assets,” said Rob Burdett of ROB NEDGROUP INVESTMENTS in London, quoted by Reuters.
“For equities, a ruling against tariffs is widely expected to boost U.S. and global equities. Relief from trade uncertainty could be an enabler for cyclical and import-dependent sectors such as IT equipment (including semiconductors, although these will most likely be subject to sector-specific tariffs), retail and industrials,” he added.
