A U.S. appeals court has issued a temporary restraining order against the enforcement of a lower court's verdict that deemed many of President Trump's new tariffs illegal. This court ruling may deter the President from utilizing executive orders for imposing tariffs, with investors closely monitoring the situation. Additionally, Trump hinted at possibly reinstating high tariffs against China, which has caused concerns among investors reflected in market fluctuations. Meanwhile, both Dell and Costco reported higher-than-expected quarterly sales, with Dell's revenue surpassing expectations but profits falling short, leading to mixed earnings outcomes.
A U.S. appeals court has decided to put a temporary restraining order on enforcing a lower court ruling that deemed many of President Trump's tariffs illegal.
The court’s decision could force President Trump to reconsider his reliance on executive orders for imposing tariffs globally, impacting market sentiment.
Following the court order, the President hinted at possibly reinstating previous high tariffs on China, causing investor concern and market fluctuations.
Dell reported quarterly sales of $23.4 billion, exceeding expectations, while its profits fell short of analyst forecasts, indicating mixed performance in the earnings report.
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