New York - Stocks experienced a significant rebound in trading today, following a period of intense volatility on Wall Street. The recovery comes after investors reacted to economic data and corporate earnings reports, leading to a rollercoaster day for the market. Analysts say the rebound suggests a degree of resilience in the economy, but caution that further fluctuations are possible.
In other news, the Supreme Court has lifted a federal judge's order that had prevented the Trump administration from utilizing the Alien Enemies Act to deport migrants to El Salvador. The ruling allows the administration to resume deportations under the Act, which was originally enacted during wartime. The decision has sparked debate among legal experts and immigration advocates, with some raising concerns about due process and human rights.
Stocks Recover After Volatile Trading; Supreme Court Ruling on Migrant Deportations
Wall Street saw stocks bounce back after a day of dramatic ups and downs. The market's recovery offers some relief to investors after recent uncertainty. In a separate development, the Supreme Court has allowed the Trump administration to proceed with using the Alien Enemies Act for deportations to El Salvador, overturning a lower court's decision.
Source: Read the original article at CBS