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CNBC Daily Open: Even if the U.S. Supreme Court rules tariffs illegal, the case for them might not be closed

1. Treasury Secretary Bessent discusses potential uphold of Trump tariffs. 2. Market remains stable amid uncertainty over tariffs and legal challenges. 3. Investors are taking a cautious wait-and-see approach. 4. Equinor supports crisis-stricken Orsted, signaling confidence in renewable energy. 5. Novo Nordisk's drug shows promise, boosting its stock performance.

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FAQ

Why Bearish?

Ongoing tariff discussions may create market volatility and uncertainty, impacting investor confidence. Historical examples include market declines during previous tariff and trade policy uncertainties.

How important is it?

Tariff policies directly affect trade and corporate earnings, relevant to S&P 500. Investor reactions to these potential changes can substantially influence market movements.

Why Short Term?

Immediate market reactions to legal outcomes may occur, influencing short-term trading behavior. Similar past events showed quick market adjustments to tariff rulings.

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