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Stocks Gain as Court Blocks Tariffs; Yields Climb | The Close 2/20/2026

Bloomberg Technology

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U.S. stocks rose sharply on February 20, 2026, after a federal court temporarily blocked proposed tariffs on key tech imports, easing investor concerns over supply chain disruptions and inflation pressures. Treasury yields climbed alongside equities, with the 10-year note hitting 4.2% as traders bet on sustained economic growth despite geopolitical tensions, per BNY Wealth’s Sinead Colton Grant. Former Commerce Secretary Gina Raimondo warned the tariff dispute could still escalate, urging bipartisan action to stabilize trade policies amid ongoing legal challenges from states like California. Akamai’s Tom Leighton highlighted surging demand for quantum-resistant encryption as cybersecurity threats grow, linking market optimism to breakthroughs in post-quantum cryptography adoption. AI investor Matt Shumer and Yale’s Gautam Mukunda debated whether the tariff pause would accelerate or hinder U.S. quantum computing advancements, citing supply chain dependencies on rare-earth materials.

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Feb 21st, 2026Stocks Gain as Court Blocks Tariffs; Yields Climb | The Close 2/20/2026Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Former US secretary of Commerce Gina Raimondo, BNY Wealth’s Sinead Colton Grant, California Attorney General Rob Bonta, Yale University’s Gautam Mukunda, Teneo’s Kevin Kajiwara, CUNY’s Paul Krugman, Franklin Templeton’s Berkeley Belknap, AI Entrepreneur & Investor Matt Shumer, Akamai’s Tom Leighton, and Coresight’s Max Kahn.Duration:34:37Duration:24:01Duration:24:09Duration:11:26

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