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It’s time for your Yahoo Finance Market Minute.
00:07 Speaker A
US stocks are holding on to small gains after the Supreme Court struck down President Trump’s use of emergency powers to implement his sweeping tariffs.
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The reciprocal tariffs announced last year initially sent stocks plunging.
00:17 Speaker A
The president will deliver remarks this afternoon on the court’s decision.
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Meanwhile, retailers and toy companies, which initially gained after the decision, are seeing a reversal as traders try to anticipate the White House’s next move.
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The industries are heavily dependent on imports from China and other countries targeted with some of the highest tariffs.
00:32 Speaker A
And in the commodities market, oil is hovering near a six-month high after President Trump confirmed he’s weighing a potential but limited strike in Iran.
00:38 Speaker A
The president is looking to up the pressure on the Iranian regime to come to a quick deal over its nuclear program.
00:44 Speaker A
And that’s your Yahoo Finance Market minute.
00:46 Speaker A
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