Investors brace for knee-jerk market reaction to a coming Supreme Court tariff decision

February 20, 2026

Investors brace for knee-jerk market reaction to a coming Supreme Court tariff decision

Breaking News

Image source: Adobe Stock



The US Supreme Court will convene Friday at 10 a.m. ET for the first time in weeks, with markets focused on a possible decision around tariffs.

A ruling in the case, Learning Resources, Inc. v. Trump, could have major implications for US trade, ranging from President Trump’s “Liberation Day” tariffs that have spanned the globe to his repeated tariff threats aimed at specific countries.

In imposing many of his sweeping tariffs over the past 14 months, Trump has cited a 1977 law known as the International Emergency Economic Powers Act.

The case centers on whether that law allows tariffs to be imposed as a remedy for the economic emergencies Trump has declared under it. Yahoo Finance reports.

EdgeUp

🌍 Dow, S&P 500, Nasdaq futures gain as US-Iran tensions rise and PCE inflation looms

US stock futures rose on Friday as investors braced for a heavy slate of economic data after the end of a three-day winning streak for the Dow and S&P 500.

Contracts linked to the Dow Jones Industrial Average edged 0.2% higher.

S&P 500 futures climbed roughly 0.4%, while Nasdaq 100 futures gained about 0.5%.

Oil has been in focus after contracts for Brent crude and West Texas Intermediate continued their ascent on Thursday amid rising tensions between the US and Iran.

President Trump said he would decide within 10 days whether to pursue military strikes against the country as he pursues a deal over its nuclear program. Yahoo Finance reports.


🤖 Nvidia and OpenAI abandon unfinished $100bn deal in favour of $30bn investment

Nvidia is close to finalising a $30 billion investment into OpenAI that will replace the long-term $100 billion commitment agreed by the companies last year, as part of a massive new funding round for the AI start-up.

The world’s most valuable company is in the final stages of negotiations with OpenAI, and the investment could be concluded as early as this weekend, according to people with knowledge of the matter.

The $30 billion equity investment forms part of a larger funding round that is on track to raise more than $100 billion and would value the ChatGPT maker at about $730 billion, not including the new money. Yahoo Finance reports.


🏗️ Why Comfort Systems shares are trading higher by around 5%

Shares of Comfort Systems USA rose sharply in premarket trading after the company reported better-than-expected fourth-quarter financial results and raised its quarterly dividend.

Comfort Systems reported quarterly earnings of $9.37 per share, beating the analyst consensus estimate of $6.75 per share. The company posted quarterly sales of $2.646 billion, also topping expectations of $2.337 billion.

Comfort Systems shares jumped 4.6% to $1,436.25 in the premarket trading session.

Here are some other stocks moving in premarket trading. Benzinga reports.


🧬 Why Candel Therapeutics stock is falling Friday

Candel Therapeutics shares are down during Friday’s premarket session after the company announced the pricing of a public offering.

The stock’s decline follows news that Candel plans to use the proceeds to support launch readiness and ongoing development costs for its cancer therapies.

Candel Therapeutics priced an underwritten public offering of about 18.35 million shares at $5.45 per share, aiming to raise roughly $100 million before expenses.

The offering is expected to close on or about February 23. Benzinga reports.


🛋️ Wayfair’s stock sinks as investors worry expansion plans will hurt profits

Shares of Wayfair sank Thursday toward a four-month low, as investors zeroed in on an unexpected fourth-quarter loss for the online retailer, which said its plans to expand in a wobbly furniture industry could put pressure on profit margins.

The company, which sells furniture and home decor, reported fourth-quarter revenue that rose 6.9% from a year ago to $3.34 billion, slightly above the average analyst estimate of $3.30 billion compiled by FactSet.

Adjusted earnings per share, which exclude nonrecurring items, came in at 85 cents, above expectations for 69 cents.

The company booked a per-share loss of 25 cents a year ago. MarketWatch reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Stock Analysis reports.


1) ANPA: Rich Sparkle Holdings Limited
Total gain: +35.93%

2) OPEN: Opendoor Technologies Inc.
Total gain: +19.14%

3) TROO: TROOPS, Inc.
Total gain: +15.63%

4) NAMM: Namib Minerals
Total gain: +13.54%

5) FET: Forum Energy Technologies, Inc.
Total gain: +13.46%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on February 19.
Stock Analysis reports.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1) NAMM: Namib Minerals
Total gain: +37.12%
The company announced that on February 18, 2026 the Company received a letter from the Nasdaq Stock Market LLC (”Nasdaq”) stating that the Company has regained compliance with the minimum market value of publicly held shares (“MVPHS”) requirement under Nasdaq Listing Rule 5450(b)(2)(C) (the “Rule”). Accordingly, the Company is now in compliance with all applicable listing standards, and its ordinary shares will continue to be listed on the Nasdaq Global Market. Globe Newswire reports.

2) BATL: Battalion Oil Corporation
Total gain: +35.41%
The stock appeared to be moving on no notable news.

3) CDNL: Cardinal Infrastructure Group Inc.
Total gain: +31.31%
The company announced today that it has acquired Sugar Hill, Georgia-based A.L. Grading Contractors ("ALGC"). A fourth-generation, high-growth market leader, ALGC provides comprehensive site development solutions, including grading, underground utilities, erosion control, and clearing, supporting large-scale commercial, industrial, and residential construction in Georgia and South Carolina. PR Newswire reports.

Today’s Notable Earnings

*Estimate and Actual numbers represent Earnings Per Share in US Dollars


DNOW: Dnow
Q4 2025
Before Market Open
Estimate: 0.140
Actual: N/A

AD: Array Digital Infr
Q4 2025
Before Market Open
Estimate: 0.310
Actual: N/A

HBM: Hudbay Minerals
Q4 2025
Before Market Open
Estimate: 0.390
Actual: N/A

Today’s Economic Dates

Time (ET) / Report / Period

8:30 AM - GDP - Q4
8:30 AM - Personal income - Dec.
8:30 AM - Personal spending - Dec.

Parting Thoughts

“In the stock market, survival is more important than return.”

– Shankar Sharma

Sourced in: Shankar Sharma interview – Moneycontrol.

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