Equities moved higher on Friday after the Supreme Court struck down some of President Donald Trump’s tariffs. However, hours after the ruling, President Trump announced he had signed a new executive order introducing a 15% global tariff.
Combined with the White House’s defiance, markets face a concentrated run of event risk this week.
The 2026 State of the Union address is scheduled for Tuesday, February 24, 2026 at 9 p.m. Eastern Time, an event that could provide tradable headlines.
The following day, February 25, Nvidia is due to report earnings after the market close. Over its past 10 earnings releases, the stock has recorded a median move of 3.2% on the session following results.
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