U.S. stocks rose on Friday after the U.S. Supreme Court struck down broad tariffs implemented by the Trump administration last year, although new economic data showed persistent inflationary pressure and slower-than-expected economic growth.

• The Dow Jones Industrial Average increased by 230.81 points, or 0.47 percent, while the S&P 500 gained 0.69 percent and the Nasdaq Composite Index rose by 0.9 percent.
• The U.S. Supreme Court ruled 6-3 that the executive branch exceeded its authority in imposing import taxes, declaring many tariffs illegal.
• President Donald Trump announced plans for a new "10 percent global tariff" to replace the invalidated duties.
• The personal consumption expenditures price index, a key inflation gauge, rose 2.9 percent year-over-year in December, exceeding market expectations.
• U.S. GDP increased at a 1.4 percent annual rate in the fourth quarter of 2025, below the projected 2.5 percent.