"Treasury yields edged only a bit higher in the bond market, for example. If investors thought the tariff ruling would improve inflation significantly, it could have sent yields lower. On the other hand, if investors were worried about the U.S. government's debt rising faster in the future because of the loss of revenue from tariffs, long-term yields could have jumped. For now, at least, yields broadly held relatively steady."
"The stock price of Ralph Lauren, meanwhile, rushed from an early loss to a gain of 3.3% after investors learned of the Supreme Court's ruling. But it quickly gave up the gain and was back down by 0.1% in midday trading. During April last year, the stock had dropped nearly 23% in just four days after Trump announced his tariffs because of worries about how they would hurt its profits."
U.S. stock indexes showed modest midday moves after the Supreme Court ruling on tariffs: the S&P 500 was up 0.1%, the Dow fell about 0.3% and the Nasdaq rose roughly 0.3%. Many on Wall Street expected the decision, producing muted market reactions and tentative trading as investors assessed long-term implications. Treasury yields moved only slightly, reflecting uncertainty about future inflation and government revenue. Ralph Lauren shares briefly gained then fell back, illustrating sector sensitivity to tariff policy. Gold slipped then recovered, European stocks added gains, and the dollar edged down versus major currencies.
Read at Fortune
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