Historical Stock Market News Stories
Appeals Court Limits Tariffs; Gold Hits New High!!
A federal appeals court found most of the administration’s broad tariff actions exceeded executive authority but left them temporarily in place, lifting some headline risk for U.S. indexes. At the same time, spot gold climbed to an all-time high as investors sought safety amid policy uncertainty and shifting real yields — a dual development that could boost cyclicals in the Dow and S&P while keeping a lid on rate-sensitive growth names in the Nasdaq.
Appeals Court Rebuke Jolts Trade-Exposed Tech ETF!
A U.S. Court of Appeals en banc decision narrowed executive tariff authority under IEEPA, creating immediate legal uncertainty for trade-sensitive large caps. At the same time, Asian trading saw a sharp rebound in China AI beneficiaries and the dollar eased, setting the stage for volatile openings for Nasdaq and S&P-related names when U.S. trading resumes.
Appeals Court Weakens Tariffs; China PMI Slips
A U.S. appeals court ruled limits on the administration’s reciprocal tariffs while staying the decision, and China’s official manufacturing PMI fell to 49.4 in August — the fifth straight contraction. Both moves create sector-specific pressure on S&P 500, Dow 30 and Nasdaq constituents tied to trade, commodities and tech supply chains.
S&P 500 sets record as Nvidia, GDP stoke Fed cuts!
S&P 500 closed at a new high while the Nasdaq advanced and the Dow inched higher. Nvidia’s results, an upbeat GDP revision, and firmer jobless claims fueled bets on a September Fed rate cut, with PCE inflation and Fed speakers next on deck.