Stock Market Today: Supreme Court Questions Trump's Tariffs—Coherent, Marvell Tech, Applovin, Apple In Focus

U.S. stock futures fell on Thursday after Wednesday’s positive close. Futures of major benchmark indices were lower. This followed the doubts raised by the U.S. Supreme Court regarding President Donald Trump's authority to impose sweeping tariffs using a decades-old emergency powers law, on Wednesday. The 10-year Treasury bond yielded 4.14% and the two-year bond was at 3.61%. The CME Group's FedWatch tool‘s projections show markets pricing a 67.3% likelihood of the Federal Reserve cutting the current interest rates during its December meeting.