U.S. stocks rose Friday in the minutes after the Supreme Court said that President Donald Trump could not impose sweeping tariffs under the International Economic Emergency Powers Act.

U.S. stocks are drifting higher in a relatively muted reaction after the Supreme Court struck down President Donald Trump’s sweeping tariffs, which had thrown financial markets into panic when announc

Retail and apparel stocks spiked Friday morning after the Supreme Court struck down President Trump’s sweeping tariffs. Shares of Victoria’s Secret jumped 5%, while Lululemon and Dick’s Sporting Goods advanced about 2%.

U.S. stocks ended the week on a high note after the Supreme Court threw out President Trump’s sweeping tariffs, with all three major indexes logging weekly gains. The gains held on even after Trump threatened a 10% global tariff to replace those thrown out by America’s highest court.

The Supreme Court dealt a crushing blow to President Trump’s tariff agenda, ruling on Friday that his tariff scheme is illegal without congressional authorization. In one of the biggest cases

The ruling found that President Trump did not have the authority to impose tariffs under the International Emergency Economic Powers Act. Under the act, President Trump sought to address two foreign threats,