Supreme Court Tariff Ruling Could Spark a Stock Market Surge by 2025
A U.S. Supreme Court ruling on tariffs imposed by President Donald Trump could boost the stock market today, adding to the typically strong November and December months. Wells Fargo predicts a broad-based stock market rally by the end of 2025, with the S&P 500 potentially reaching 7,100.
Historically, the stock market today tends to perform well in the final two months of the year, with laggard sectors often showing significant gains. This trend, coupled with the possible lifting of tariffs, could drive market growth.
The Supreme Court's ruling on Trump-era tariffs could have a substantial impact. President Trump, during his term, was involved in negotiations to reduce or remove tariffs with countries like Brazil, Switzerland, and India. A favorable ruling could stimulate economic activity and boost the stock market today.
Adding to this positive outlook, Trump's 'Big Beautiful Bill' includes new tax deductions and inflation adjustments that could result in an average tax refund increase of about $800 (€690) per person next year. This could stimulate consumer spending and further bolster the stock market today.
Corporate profits remain robust, with 82% of S&P 500 companies exceeding earnings estimates in the third quarter. This strong corporate performance, combined with the other factors, paints a positive picture for the stock market today's future.
The U.S. government shutdown is expected to end later this week, providing clarity on key economic data and further influencing stock market trends. With the Supreme Court's ruling on tariffs, Trump's tax deductions, and strong corporate profits, the stock market today is poised for growth. Wells Fargo's prediction of a broad-based rally by the end of 2025, with the S&P 500 potentially reaching 7,100, reflects this optimistic outlook.
Read also:
- American teenagers taking up farming roles previously filled by immigrants, a concept revisited from 1965's labor market shift.
- Weekly affairs in the German Federal Parliament (Bundestag)
- Landslide claims seven lives, injures six individuals while they work to restore a water channel in the northern region of Pakistan
- Escalating conflict in Sudan has prompted the United Nations to announce a critical gender crisis, highlighting the disproportionate impact of the ongoing violence on women and girls.
