JUST THE FACTS

The Supreme Court's tariffs ruling would be a blessing for Wall Street. The court's rejection of the President's tariffs moves would lift all three major indices to gains on Friday that locked in a winning week.

The high court concluded that President Trump did, in fact, overstep his authority by imposing blanket tariffs. The majority ruled the President's claim that he could in an emergency was not constitutional.

The personal consumption expenditures report for December didn't help Friday's gains. The Fed's preferred inflation read would top expectations with the overall PCE hitting its highest since March 2024. 

Minutes from the Fed's January meeting when rate cuts were put on hold reveals the divide among officials is only getting wider. The pause was the easy part, but what comes next is anything but certain.

The final consumer sentiment survey for February came up short of expectations, but it did rise slightly from January. The results show concerns over inflation and jobs remain high, but haven't worsened.

The incoming week will not be lacking in headlines. With the tariff case still fresh, the President will deliver his State of the Union address Tuesday. Also ahead, the newest PPI report and Nvidia's earnings.