{"id":344685,"date":"2026-02-20T17:38:00","date_gmt":"2026-02-20T22:38:00","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=344685"},"modified":"2026-02-20T20:24:21","modified_gmt":"2026-02-21T01:24:21","slug":"court-rejects-trump-tariffs-tsx-surges","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/court-rejects-trump-tariffs-tsx-surges\/","title":{"rendered":"Court rejects Trump tariffs, TSX surges"},"content":{"rendered":"\n<p>On Friday, the U.S. Supreme Court struck down Trump&#8217;s tariffs and ordered tariffs that were collected to be repaid to companies. Trump responded by slapping 10% tariffs worldwide, but the street isn&#8217;t sure this order will pass. Meanwhile, safe haven gold extended gains by nearly US$100 to US$5,100, silver popped 7.25% to US$84.15 and WTI held at US$66.40.<\/p>\n\n\n\n<p>The action in materials as well as tech pushed the TSX over 200 points or 0.67% higher to a record 33,818. The TSX advanced nearly 4.2% for the week. Staples and healthcare were among the five weak sectors, Major movers included <a href=\"https:\/\/stockchase.com\/FVI-T\">Fortuna Silver<\/a> up 12.17%, <a href=\"https:\/\/stockchase.com\/AG-N\">First Majestic Silver<\/a> 11.01%, <a href=\"https:\/\/stockchase.com\/LUN-T\">Lundin Mining<\/a> 10.91%, <a href=\"https:\/\/stockchase.com\/CVE-T\">Cenovus<\/a> -2.53% and <a href=\"https:\/\/stockchase.com\/SPB-T\">Superior Plus<\/a> -18.39%.<\/p>\n\n\n\n<p>In New York, the S&amp;P gained 0.69% on Friday, the Nasdaq 0.9% and the Dow 0.47%. For the week, the S&amp;P and Nasdaq climbed around 1.2% while the Dow edged up by 0.35%. Key names: <a href=\"https:\/\/stockchase.com\/GLW-N\">Corning<\/a> up 7.2%, <a href=\"https:\/\/stockchase.com\/GOOG-Q\">Alphabet<\/a> 4.01%, <a href=\"https:\/\/stockchase.com\/CRWD-Q\">Crowdstrike<\/a> -7.95%, <a href=\"https:\/\/stockchase.com\/ORCL-N\">Oracle<\/a> -5.4% and <a href=\"https:\/\/stockchase.com\/SNDK-Q\">Sandisk<\/a> 4.65%. The U.S. 10-year held at 4.085% while Bitcoin rose US$800 to US$67,700.<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/FVI-T\">Fortuna Silver Mines (FVI-T)<\/a> +12.17%<\/p>\n\n\n\n<p>&#x1f948; <a href=\"https:\/\/stockchase.com\/AG-N\">First Majestic Silver (AG-N)<\/a> +11.01%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/LUN-T\">Lundin Mining Corp. (LUN-T)<\/a> +10.91%<\/p>\n\n\n\n<p>&#x1f6e2; <a href=\"https:\/\/stockchase.com\/CVE-T\">Cenovus Energy (CVE-T)<\/a> -2.53%<\/p>\n\n\n\n<p>&#x1f69a; <a href=\"https:\/\/stockchase.com\/SPB-T\">Superior Plus Corp (SPB-T)<\/a> -18.39%<\/p>\n\n\n\n<p>&#x1f9ec; <a href=\"https:\/\/stockchase.com\/GLW-N\">Corning Inc (GLW-N)<\/a> +7.2%<\/p>\n\n\n\n<p>&#x1f9ee; <a href=\"https:\/\/stockchase.com\/GOOG-Q\">Alphabet Inc (GOOG-Q)<\/a> +4.01%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/CRWD-Q\">CrowdStrike Holdings (CRWD-Q)<\/a> -7.95%<\/p>\n\n\n\n<p>&#x1f4bb; <a href=\"https:\/\/stockchase.com\/ORCL-N\">Oracle (ORCL-N)<\/a> -5.4%<\/p>\n\n\n\n<p>&#x1f9ec; <a href=\"https:\/\/stockchase.com\/SNDK-Q\">Sandisk Corp (SNDK-Q)<\/a> +4.65%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday, the U.S. Supreme Court struck down Trump&#8217;s tariffs and ordered tariffs that were collected to be repaid to companies. Trump responded by slapping 10% tariffs worldwide, but the street isn&#8217;t sure this order will pass. Meanwhile, safe haven [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":343920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-344685","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/344685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=344685"}],"version-history":[{"count":1,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/344685\/revisions"}],"predecessor-version":[{"id":344686,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/344685\/revisions\/344686"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/343920"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=344685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=344685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=344685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}