Wall Street indexes jump as Supreme Court strikes down Trump tariffs

U.S. stocks climbed today after the Supreme Court struck down sweeping tariffs. The ruling found the duties exceeded federal emergency economic powers.

The Supreme Court ruled against President Donald Trump's broad global tariffs today, February 20, 2026. This decision, which struck down measures imposed under the International Emergency Economic Powers Act of 1977, led to an immediate rally in the United States USUS stock market. Major Wall Street main indexes climbed as investors reacted to the removal of the trade barriers.
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 19, 2026. REUTERS/Brendan McDermid
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 19, 2026. REUTERS/Brendan McDermid
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