Retail Stocks Jump After Supreme Court Strikes Down US Tariffs

Retail and apparel stocks from Nike Inc. to Target Corp. spiked following the Supreme Court’s ruling to strike down President Donald Trump’s tariffs.

Victoria’s Secret & Co. surged as much as 5.6% while Dollar Tree Inc. jumped 4% and Abercrombie & Fitch Co. increased 5.5%. Shares of Lululemon Athletica Inc. and Dick’s Sporting Goods Inc. also rose.