The Nasdaq Composite closed higher Friday, snapping its longest weekly losing streak since 2022 as markets reacted to the Supreme Court's decision on Trump-era tariffs. The tech-heavy index gained ground alongside broader market gains, with investors breathing a sigh of relief after the high court's ruling provided clarity on trade policy.

The court's decision effectively ended legal challenges to certain tariff measures, removing a cloud of uncertainty that had weighed on investor sentiment for weeks. Technology stocks, which had borne the brunt of the selling pressure during the six-week decline, led the rebound. The move higher came despite mixed economic data earlier in the week.

Friday's rally marked a significant turnaround for the Nasdaq, which had fallen more than 10% during its losing streak. The index's recovery suggests investors are reassessing their positions in growth stocks as trade tensions ease. Market participants now await additional economic indicators to gauge whether the rebound has staying power.