Stock Market Update
29-Jun-26 12:05 ET
Supreme Court rejects Fed Governor Lisa Cook firing
Dow +256.94
at 52133.05,
Nasdaq +379.03
at 25697.64,
S&P +65.41
at 7419.43
[BRIEFING.COM] The major averages have settled into a more stable range at midday following a choppy morning.
While corporate news flow has been on the lighter side today, the Supreme Court has had a busy morning, delivering several rulings.
Of interest to the market, the Supreme Court rejected President Trump's attempt to remove Fed Governor Lisa Cook by a 5-4 ruling. However, CNBC reported that the Trump administration believes Lisa Cook will be indicted and then the Supreme Court will allow President Trump to fire her.
