Some Consumer Stocks Are Rising After the Supreme Court's Tariff Ruling

ETHReserveBank · 2026-02-20T18:15:47+00:00

The Supreme Court's ruling against Trump-era tariffs boosted consumer stocks, with the S&P 500's discretionary sector rising nearly 1%. While immediate relief was felt in the market, long-term implications of tariff policies remain uncertain.

ETHReserveBank

2026-02-20 18:15:47

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Key Takeaways

Friday morning’s ruling by the Supreme Court on a big part of the Trump administration’s tariff policy lifted stocks of companies seen as pressured by them.
That meant increases for a range of consumer discretionary shares, among others.

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Bye-bye, tariffs—and buy, buy stocks that were pressured by them.

Shares of a range of consumer-oriented companies rose Friday following the Supreme Court’s ruling that struck down many of the Trump administration’s tariffs. While the path forward for the administration, the import taxes and related policy remains uncertain, in the immediate term investors are bidding some shares higher.

Why This Matters to Investors

Investors got some measure of tariff relief on Friday after the court ruling, with some shares—consumer-focused and otherwise—rising in the wake of the decision. The longer-term outlook is less clear.

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The S&P 500’s consumer discretionary sector was recently up nearly 1%. Companies including Amazon.com (AMZN), Tapestry (TPR) and Williams-Sonoma (WSM) were all rising. (Read Investopedia’s full coverage of today’s trading here.)

“The market read is straightforward: tariff-sensitive equities breathe easier,” Siebert Financial CIO Mark Malek said in written comments. But looking forward, he added, “the tariffs may be gone today, but the incentive for them absolutely is not.”

Supreme Court Strikes Down Most Of Trump’s Tariffs

The Basics of Tariffs and Trade Barriers

The industrials sector also rose, lifted by stocks including HVAC company Comfort Systems (FIX) and GE Aerospace (GE). Jeep owner Stellantis (STLA), meanwhile, was up some 3%.

Markets wavered Friday, with Big Tech stocks climbing, as investors digested cooler-than-expected economic growth data and a warmer-than-expected inflation reading.

Some market watchers said the tariff ruling might increase the chance of interest-rate cuts by the Federal Reserve because lower tariffs would ease inflationary pressures.

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