US stock futures were largely flat Sunday evening following a ruling by the Supreme Court of the United States that refuted the legality of a key portion of Trump’s tariffs.
Futures tied to the Dow Jones Industrial Average (YM=F) hovered below the baseline. S&P 500 futures (ES=F) edged down 0.1%, while Nasdaq 100 futures (NQ=F) fell 0.1%.
Markets are coming off a volatile session. On Friday, equities initially surged after the Supreme Court invalidated a broad swath of Trump’s trade agenda, fueling hopes that trade tensions could ease. Gains later faded before stocks rebounded into the close.
On Saturday, in response to the Supreme Court ruling, Trump said he would lift the baseline tariff rate on imports from 10% to 15%, effective immediately. It was not clear whether formal documentation had been completed to enact the higher duties.
Trade policy isn’t the only geopolitical concern on Wall Street. Iran remains in focus after Trump urged Tehran to reach an agreement on its nuclear program, warning of consequences if talks fail. Oil prices (BZ=F, CL=F) ended the week up roughly 5.5%
Earnings season continues to roll on with Nvidia (NVDA) scheduled to report results Wednesday. Salesforce (CRM) also reports Wednesday for a wider view of the tech landscape, and Home Depot (HD) acts as a litmus test for retail on Tuesday.
Coming soon
Stock market coverage for Monday, February 23, 2026.