By Stan Choe NEW YORK (AP) \u2014 Wall Street is keeping calm Friday after the Supreme Court struck down President Donald Trump\u2019s sweeping tariffs, which had triggered panic in financial markets when announced last year, and stocks are drifting in mixed trading. The S&P 500 was 0.1% higher in midday trading. It had been flipping between small gains and losses before the court’s ruling, following discouraging reports showing slowing growth for the U.S. economy and faster inflation. The Dow Jones Industrial Average was down 125 points, or 0.3%, as of 12:30 p.m. Eastern time, and the Nasdaq composite was 0.3% higher. Many on Wall Street were likely expecting such a ruling from the Supreme Court, according to Brian Jacobsen, chief economic strategist at Annex Wealth Management. That likely led to… <\/p>\n
By Stan Choe NEW YORK (AP) \u2014 Wall Street is keeping calm Friday after the Supreme Court struck down President Donald Trump\u2019s sweeping tariffs, which had triggered panic in financial markets when announced last year, and stocks are drifting in mixed trading. The S&P 500 was 0.1% higher in midday trading. It had been flipping between small gains and losses before the court’s ruling, following discouraging reports showing slowing growth for the U.S. economy and faster inflation. The Dow Jones Industrial Average was down 125 points, or 0.3%, as of 12:30 p.m. Eastern time, and the Nasdaq composite was 0.3% higher. Many on Wall Street were likely expecting such a ruling from the Supreme Court, according to Brian Jacobsen, chief economic strategist at Annex Wealth Management. That likely led to... <\/p>\n