Retail Stocks Surge After Supreme Court Strikes Down Trump Tariffs

U.S. retailers and manufacturers surged on February 20, 2026, after the Supreme Court struck down sweeping Trump-era tariffs, offering potential relief to companies reliant on global supply chains. The S&P 500 advanced as the ruling promised to lower operating costs and improve margins, offsetting earlier concerns regarding economic growth. Despite the market rally, the Trump administration announced plans for a new 10% global tariff. Torrid Holdings (CURV) was among the active movers, trading at $1.11, up 4.2% year-to-date but significantly below its May 2025 high of $6.46. Other notable gainers included Floor & Decor, Victoria's Secret, Shoe Carnival, and Camping World.