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The Supreme Court struck down IEEPA tariffs, leading President Trump to reimpose 15% duties via Section 122. Treasury yields and the dollar remain stable as markets shrug off legal uncertainty and trade friction with the EU.

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The S&P 500 rose 1% as markets balanced a Supreme Court ruling on tariffs against hot PCE inflation.

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Walmart has been one of the few to benefit from the difficult economy over the past few years.

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The US Dollar Index recovers half of its early losses, which were driven by the US SC’s verdict against Trump’s tariffs.