The US markets ended in green on Friday after the U.S. Supreme Court struck down most of the president’s sweeping global tariffs. The nation’s highest court ruled in a 6-3 decision that the International Emergency Economic Powers Act, or IEEPA, does not authorize the president to impose tariffs. Traders ignored the report released by the Commerce Department stating that economic growth in the U.S. slowed by much more than anticipated in the fourth quarter of 2025. The report said gross domestic product climbed by 1.4 percent in the fourth quarter after surging by 4.4 percent in the third quarter. The street had expected GDP to jump by 2.8 percent. Meanwhile, a report released by the University of Michigan showed that consumer sentiment in the U.S. improved by much less than previously estimated in the month of February. The University of Michigan said its consumer sentiment index for February was downwardly revised to 56.6 from a preliminary reading of 57.3. The street had expected the index to be unrevised.
On the sectorial front, transportation stocks showed a strong move to the upside on the day, driving the Dow Jones Transportation Average up by 1.8 percent.
Dow Jones Industrial Average surged 230.81 points or 0.47 percent to 49,625.97, Nasdaq increased 203.34 points or 0.9 percent to 22,886.06 and S&P 500 added 47.62 points or 0.69 percent to 6,909.51.
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