The Supreme Court delivered a split decision on President Trump's attempt to fire Federal Reserve Governor Lisa Cook, rejecting his bid while simultaneously granting broader authority to remove officials at other independent agencies. The ruling preserves the Fed's institutional independence but opens the door for wider executive branch control elsewhere. Markets responded positively to the clarity.

Tech stocks led a strong rebound across major indices, with the Nasdaq climbing 2.1% and the S&P 500 gaining 1.2%, both snapping five-day losing streaks. The Dow added 306.6 points to close above 52,000 for the first time, signaling renewed investor confidence in growth sectors.

Comcast announced plans to spin off its media assets, including NBCUniversal and Sky, in a tax-free transaction that would create a pure-play entertainment company. This reverses the cable giant's previous strategy of vertically integrating content and distribution, sending shares up 4% on the news.

Dish DBS, the satellite pay-TV arm of Charlie Ergen's EchoStar, prepares for Chapter 11 bankruptcy amid years of subscriber losses and heavy debt. Meanwhile, reduced Fed communication could increase bond market volatility as investors demand higher compensation for uncertainty, potentially pushing rates upward.