MasTec, Expeditors, and Methode Electronics Shares Skyrocket, What You Need To Know

Shares of MasTec, Expeditors, and Methode Electronics surged after the U.S. Supreme Court struck down tariffs imposed by the Trump administration, a decision expected to reduce costs for manufacturers. The ruling, which deemed the use of the International Emergency Economic Powers Act of 1977 inapplicable for tariffs, is anticipated to benefit small and medium-sized businesses and potentially accelerate interest rate cuts due to reduced inflation concerns. This development led to significant stock price jumps for engineering, logistics, and electrical systems companies.