Thank You SCOTUS? Stock Market Rallies After Court Overturns Roe

Supreme Court justices chat while taking a group photo in 2021 / Getty Images
June 24, 2022

The stock market rallied on Friday in the wake of the Supreme Court's decision overturning Roe v. Wade, with all three major Wall Street indexes snapping monthlong losing streaks.

The Dow Jones spiked early in Friday's session just as the Supreme Court announced its groundbreaking ruling. It remained strong and rallied into the close up more than 800 points, capping off the first week of gains this month. Both the S&P 500 and Nasdaq posted gains on Friday of about 3 percent.

The rally came on a day characterized by Democrats such as President Joe Biden as a "sad day for the country."