Dow Jones Industrial Average Gains 225.76 Points

The Dow Jones Industrial Average closed up 200 points following the Supreme Court’s scrutiny of President Trump’s tariff argument, which sparked a rebound in AI-linked companies such as chipmaker Advanced Micro Devices.

The market rebounded from valuation-driven losses in the previous session, with the S&P 500 rising 0.7% and the Nasdaq Composite jumping 1%. The positive momentum was also supported by better-than-expected private payroll data and questions raised by the Supreme Court over the President’s tariff powers.

Conservative justices on the Supreme Court expressed skepticism about the lawfulness of the President’s tariffs, potentially raising the possibility of their policies being struck down. This led to a boost in market sentiment as investors showed interest in acquiring discounted technology shares.

Tech Stocks Rebound

Throughout the Supreme Court hearing on tariffs, tech stocks experienced a strong rebound. Companies like Nvidia and AMD saw gains after facing session lows earlier in the day. The administration’s AI and crypto czar’s statement about no federal bailout for the artificial intelligence industry also impacted the market.

Overall, the stock market showed resilience and closed higher as the Supreme Court’s questioning of tariff powers and the positive economic data contributed to the market’s rebound.