American stocks achieved gains throughout the week, driven by positive results achieved by major companies such as Alphabet, Amazon, and other prominent names on the Wall Street Stock Exchange. This increase came after a historic decision issued by the US Supreme Court rejecting the customs duties imposed by former President Donald Trump on many countries of the world.
The Supreme Court ruling was issued by a majority of six votes to three, ruling that the tariffs imposed by Trump were illegal.
In a statement to Reuters, Mike Dixon, head of research at Horizon Investments in Charlotte, North Carolina, explained that investors breathed a sigh of relief because the new global tariffs announced by Trump were not more severe than those rejected by the court.
