Supreme Court strikes down tariffs; Corning, XPO, Richardson Electronics rally

Shares of Richardson Electronics, Hub Group, XPO, Corning, and Champion Homes advanced on Feb. 20, 2026, after the U.S. Supreme Court struck down Trump-era tariffs. In a 6-3 decision, the court ruled the administration improperly used the International Emergency Economic Powers Act of 1977 to justify the duties. The ruling is expected to lower costs for imported materials and equipment, potentially alleviating inflation and accelerating interest rate cuts. Corning Inc. (GLW) surged to a 52-week high of $139.76, up 54.1% year-to-date.