Tech Stocks Rebound as Tariff Ruling Eclipses Growth Concerns

NASDAQ 100 US6311011026

A Friday session that opened with weakness transformed into a robust rally, driven by a landmark U.S. Supreme Court decision. Initially pressured by disappointing economic data, investor sentiment pivoted as the ruling on tariffs spurred significant buying interest in major technology equities, even against a backdrop of ongoing political tensions.

The trading day commenced under a cloud after U.S. GDP growth for the fourth quarter was reported at 1.4%, falling short of forecasts. However, these economic concerns were swiftly overshadowed. The catalyst for the reversal was a Supreme Court judgment that struck down existing IEEPA emergency tariffs implemented by the administration.