{"id":131314,"title":"Wall Street ticks up ahead of key Supreme Court decision on tariffs","publisher":"Share Talk","author":"sharetalk","published":"2026-01-09T14:46:52+00:00","modified":"2026-01-09T14:46:52+00:00","canonical_url":"https://www.share-talk.com/wall-street-ticks-up-ahead-of-key-supreme-court-decision-on-tariffs/","markdown_url":"https://www.share-talk.com/wall-street-ticks-up-ahead-of-key-supreme-court-decision-on-tariffs.md","json_url":"https://www.share-talk.com/wall-street-ticks-up-ahead-of-key-supreme-court-decision-on-tariffs.json","category":"Blogs","categories":["Blogs","Technology","Technology, Media & Telecoms"],"tags":["Donald Trump","Dow Jones Industrial Average","Nasdaq Composite","Supreme Court of the United States","US unemployment"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/03/Wall-street.webp?fit=1200%2C800&quality=80&ssl=1","format":"news","language":"en-GB","content":"US equities edged modestly higher as investors awaited a potential ruling from the **Supreme Court of the United States** on the legality of tariffs imposed during the presidency of **Donald Trump**.\n\nThe **Dow Jones Industrial Average** rose by 0.4% to 49,441.30, supported by official data showing that US unemployment declined more than expected, easing from 4.6% to 4.4% in December.\n\nThe **S&P 500** gained 0.2% to 6,937.34, while the technology-heavy **Nasdaq Composite** edged 0.1% higher to 23,492.20 ahead of the anticipated court decision.\n\nThe **Supreme Court of the United States** is expected later today to deliver a significant setback to the tariff framework introduced under **Donald Trump**, potentially triggering renewed disruption to global trade.\n\nPrediction markets indicate that the Court is likely to rule against the former president’s use of emergency tariff powers when it issues its judgment on the application of the **International Emergency Economic Powers Act** to impose the sweeping levies.\n\nAccording to **Polymarket**, there is only a 25% probability that the Court will uphold the existing implementation of the tariffs, which account for approximately half of the increases introduced during the Trump administration."}