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US stocks gain after SC rules against Trump tariffs
Business World Philippines
|February 23, 2026
US STOCKS ended higher on Friday, led by gains in Alphabet, Amazon and other Wall Street heavyweights after the Supreme Court (SC) struck down President Donald J. Trump’s global tariffs.
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The US top court, which has a conservative majority, ruled 6-3 against Mr. Trump’s global tariffs, enacted last year under a federal law meant for national emergencies.
Mr. Trump called the ruling a “disgrace” and said he would impose a 10% global tariff for 150 days under Section 122 of the Trade Act of 1974.
Investors were relieved that Mr. Trump's newly announced global tariff was not higher, said Mike Dickson, head of research and quantitative strategies at Horizon Investments in Charlotte, North Carolina.
“Today is a removal of some uncertainty, and we're on to the next phase,” Mr. Dickson said.
Some of Wall Street's most valuable and widely held companies rose, including a 3.7% rise in Google-parent Alphabet, a 2.6% increase in Amazon and a 1.5% rally in Apple.
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