Wall Street jumps after Supreme Court kills Trump tariffs as US data revives inflation debate
U.S. stocks rose Friday after the Supreme Court struck down President Trump’s global tariffs. GDP growth slowed to 1.4% in the fourth quarter, well below forecasts, while PCE inflation accelerated in December. The S&P 500 gained 0.64% and the Nasdaq climbed 1.10% by midday. PMI and consumer sentiment data pointed to softer business activity and stagnant household outlooks.