economy
February 20, 2026
Nike's Stock Swings Exemplify the Market's Uncertainty About Trump Tariffs Ruling
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
TL;DR
- The Supreme Court ruled against President Trump's emergency tariffs, but he announced plans for new global tariffs.
- Nike's stock initially rose on the ruling but fell back as Trump's new tariff announcement offset the positive news.
- Cybersecurity stocks like CrowdStrike and Palo Alto Networks dropped after Anthropic launched a new AI security tool.
- Upcoming events include earnings reports from Nvidia, Home Depot, TJX, Salesforce, and Qnity, as well as key economic data.
- The CNBC Investing Club provides daily afternoon updates and trade alerts for its subscribers.
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