From Yahoo Finance: 2025-05-06 08:42:00

US stocks dropped on Monday, May 5, after President Trump threatened new tariffs, sparking concerns of a trade war. The S&P 500 fell 0.6%, ending its longest winning streak in over 20 years. The Dow Jones also dropped 0.3%, and the Nasdaq fell nearly 0.8%. The US dollar lost value due to doubts about a possible trade deal with China.

President Trump announced new tariffs and no plans to speak with China’s President Xi this week. He expressed interest in a “fair deal” with China and a new 100% tariff on foreign movies. Meanwhile, Wall Street anticipates the Federal Reserve’s policy meeting starting Tuesday, which is likely to keep interest rates unchanged.

New tariff threats by President Trump and concerns about a trade war with China are causing market uncertainty. Grab Holdings Limited (GRAB) is ranked among the best stocks under $15 to buy. With a share price of $4.89, 57 hedge fund holders, and operating across various sectors in Southeast Asia, GRAB is attracting investor interest. JPMorgan analyst Ranjan Sharma sees potential in GRAB despite economic challenges, citing its user base, market share growth, and affordable products.

GRAB ranks 3rd on the list of best stocks under $15 according to hedge funds. While GRAB shows promise, some AI stocks may offer higher returns in a shorter timeframe. One AI stock has increased since the start of 2025 while popular AI stocks have declined. For investors seeking a promising AI stock trading at less than 5 times earnings, a report on the cheapest AI stock is available.

Read more: Is Grab Holdings Limited (GRAB) The Best Stock Under $15 To Buy?