U.S. Stocks Rally After Supreme Court Blocks Trump’s Emergency Tariffs
U.S. equities advanced in volatile trading as investors reacted to the Supreme Court’s decision to strike down former President Trump’s emergency tariff measures. The Dow Jones Industrial Average gained 194.26 points (+0.39%) to 49,589.42, while the S&P 500 rose 49.95 points (+0.73%) to 6,911.84. The Nasdaq Composite outperformed, climbing 234.83 points (+1.04%) to 22,917.56.
The ruling eased concerns over renewed trade tensions, providing support to technology and growth stocks. Despite intraday swings, sentiment improved as traders viewed the decision as reducing near-term policy uncertainty. Risk appetite strengthened, particularly in the tech sector, though broader market momentum remains sensitive to upcoming economic data and Federal Reserve expectations.
Dow Jones Industrial Average (INDU)
The index posted a bearish close yesterday, but today’s session erased the losses, showing buyers are still defending the trend. Despite the recovery, price remains in a sideways consolidation near the highs. The overall structure stays bullish, and we expect continuation toward a new record high if momentum builds above the recent range. However, if the index turns lower again, EMA 100 and the rising trend line could become the next downside targets. A break below those levels would signal deeper correction risk
Baidu, Inc (BIDU)
Baidu is currently trading above both EMA 100 ($131.78) and EMA 200 ($119.96), keeping the broader structure bullish. The recent pullback found support around the 0.618 Fibonacci level (129.89), and price is now consolidating near the level and EMA 100. There is no bearish structure yet. No lower swing low has formed. Momentum indicators show oversold recovery, suggesting the correction may be maturing.
If price pushes above 136.60 (0.5 Fib), then 143.40 becomes the next resistance. A clean break above that level opens room toward $149.58 (previous swing high). On the lower side, a new lower low would weaken the short-term bullish structure and could trigger a deeper retracement toward the EMA 200.