By 
President Joe Biden on Friday denounced the Supreme Court’s ruling that overturns Roe v. Wade, the landmark 1973 decision that established a right to an abortion in all 50 U.S. states.
“Today, the Supreme Court of the United States expressly took away a constitutional right from the American people.” Biden said, as he began a speech at the White House.
“It’s a sad day for the court, and for the country.”
See: Supreme Court overturns Roe v. Wade in landmark decision
The high court had been expected to overturn Roe after the leak in May of a draft majority opinion of the pending ruling. Biden had criticized that draft opinion last month, saying: “If this decision holds, it’s really quite a radical decision.”
Reactions to the decision were falling mostly along party lines, with Biden’s fellow Democrats decrying the court’s move.
House Speaker Nancy Pelosi, a California Democrat, described the ruling as “a slap in the face to women about using their own judgment to make their own decisions about their reproductive freedom.” Meanwhile, Senate Minority Leader Mitch McConnell, a Kentucky Republican, characterized it as “courageous and correct.”
U.S. stocks
SPX,
+2.34%
DJIA,
+2.08%
traded sharply higher Friday and were on track to end their three-week losing streak, as analysts said investors were reassessing the expected path for the Federal Reserve’s interest-rate hikes.
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