2025-12-12 10:05:47

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AuspiciousSnowHeralds

· 12-13 01:08

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AuspiciousSnowHeralds

· 12-13 00:48

The US stock market faces a legal challenge from the Supreme Court regarding the legality of tariffs Gold Financial reports that the US Supreme Court is about to rule on the legality of the comprehensive tariffs introduced by Trump in April, which could be the next test for the recently soaring stock market. The ruling once caused a global market crash. The S&P 500 index has rebounded 39% since its low this month and closed at a record high on Thursday, partly because the tariffs were ultimately lower than Trump’s previous threats. Additionally, the AI investment boom and the sustained high-speed growth of the US economy have also supported this rally. If the US Supreme Court rules that Trump’s comprehensive tariffs exceed his authority, there remains significant uncertainty about the future. The likelihood of a ruling this year is decreasing. The court held its last public hearing of the year on Wednesday, with the next session scheduled for January 9 next year. Wells Fargo Chief Equity Strategist Ohsung Kwon estimated in October that if the tariffs are invalidated, by 2026, the earnings of companies in the S&P 500 index before interest and taxes will have increased by 2.4% compared to this year.

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