Macy’s, Mattel Shares Jump as Supreme Court Sparks Tariff Relief

Stocks in some of America’s top retail brands, from department stores to toymakers and apparel companies, rallied Wednesday as a skeptical US Supreme Court raised hopes the sweeping tariffs that have weighed on the sector this year could be lifted.

Consumer discretionary stocks were the second-best performers in the S&P 500 Index, with Lululemon Athletica Inc. advancing 4.3% and Williams-Sonoma Inc. rising 2.6%. Smaller-capitalization names that rely heavily on overseas imports also gained. Kohl’s Corp. posted an 8.9% gain, Macy’s Inc. climbed 7% and Barbie-doll maker Mattel Inc. rose 4%.

“After today’s Supreme Court hearings, betting markets drastically increased the ...