U.S. Supreme Court to Rule on Trump's Tariff Legality

According to ChainCatcher, the U.S. Supreme Court is set to decide on the legality of the comprehensive tariffs introduced by U.S. President Donald Trump in April. This decision could pose a new challenge for the stock market. Since hitting a low in April, the S&P 500 Index has rebounded by 39%, reaching a record high at Thursday's close. If the tariffs are deemed to exceed legal authority, the market may face uncertainty in the future. The court held its last public hearing on Wednesday, with the next session scheduled for January 9 of the following year. Ohsung Kwon, Chief Equity Strategist at Wells Fargo, predicts that if the tariffs are invalidated, the earnings of S&P 500 component companies could grow by 2.4% by 2026.