Wall Street closed higher as Supreme Court judges showed doubts about Trump tariffs, boosting investor confidence. Dow Jones rose 0.5%, Nasdaq gained 0.7%, and S&P 500 increased by 0.4%. ADP reported 42,000 job gains in October, ISM services PMI rose to 52.4%, and crude oil inventories increased by 5.2 million barrels.

Supreme Court raises doubts on Trump tariffs as justices question the legality of imposing sweeping tariffs. U.S. Solicitor General argued that duties are not revenue-raising tariffs. Justices raised skeptical questions on Trump’s authority. Legal experts expect a verdict by year-end.

AI infrastructure stocks regain momentum after Tuesday’s decline. Four companies plan to invest $380 billion in AI infrastructure by 2025, a 54% increase from 2024. Stock prices of AMD, Micron, and Broadcom rose. Micron Technology currently has a Zacks Rank #1 (Strong Buy).

Zacks research highlights a little-known satellite-based communications firm as a top stock set to double. The company’s customer base is growing, and analysts forecast a revenue breakout in 2025. This pick could surpass earlier Zacks’ Stocks Set to Double. Free: See Our Top Stock And 4 Runners Up.

Read more at Nasdaq: Stock Market News for Nov 6, 2025