The S&P 500 rose slightly despite markets betting against near-term Federal Reserve rate cuts. Markets also have their eye on the Supreme Court, which may announce its ruling on the constitutionality of some Trump tariffs shortly after 10 a.m., which could have big implications for the federal budget deficit, President Trump's spending plans and the 10-year Treasury yield. The Supreme Court is set to reveal one or more rulings in a session that begins at 10 a.m. We'll be watching to see what rulings come out and provide details here on the tariff ruling if it happens.