The deadlock at the Supreme Court is still ongoing—the U.S. Supreme Court justices have yet to deliver a final ruling on the constitutionality of Trump's tariff policy, with next week being the real "moment of truth." The answer will come on Tuesday or Wednesday, but the market has already reacted in advance.

The Nasdaq index fell by 1%, the S&P 500 retraced by 0.6%, and the semiconductor sector declined even more sharply, dropping by 1.1%. Consumer stocks generally came under pressure—names like Lululemon and Mattel took a hit, and even Stanley Black & Decker's gains were wiped out.

Where is the focus? The "D-Day" tariff plan—launched on April 2nd, raising tariffs on imported goods from 10% to 50%. During previous hearings, the justices expressed doubts: Can Trump really bypass Congress and invoke the Emergency Powers Act of 1977 directly?

What’s the worst-case scenario? If Trump loses the case, he could face a tax refund storm exceeding $130 billion—undoubtedly a tough battle for him, who has just returned to the White House. The market is holding its breath, waiting to see how this ruling will reshape the upcoming trading rhythm.