Ftse 100, S&P 500 and Nasdaq SKYROCKET as stock market rallies after Donald Trump tariff decision
Global stocks have rallied in response to the US Supreme Court striking down President Donald Trump's sweeping trade tariffs, with the UK-based Ftse 100, S&P 500 and tech-focused Nasdaq surging in reaction to the news.
This afternoon, the highest court in the US declared the Trump administration's signature economic policy to be illegal in a major blow to the White House's fiscal agenda going forward.
This rally comes after a disappointing gross domestic product (GDP) figure for the US, with growth slowing to 1.4 per cent in the fourth quarter of 2025.
Following the Supreme Court's judgement, the Ftse 100 surpassed 10,700 for the first time ever with similar movements happening in European stock market indexes.
As well as this, the Dow Jones jumped 93.81 points, or 0.2 per cent, rebounding from a 200-point loss earlier in the session following today's GDP figures.
Furthermore, the S&P 500 bounced 0.3 per cent, while the Nasdaq went up by 0.5 per cent in reacting to today's judgement.
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