From Yahoo Finance: 2025-05-05 16:11:00

The S&P 500, Nasdaq, and Dow Jones Industrial Average all closed down on Monday, ending the S&P’s nine-day winning streak, the longest since 2004. Despite rallying from morning lows, the indices couldn’t recover fully, with the Dow dropping as much as 250 points. Trade deals remained the focus, with markets hoping for positive developments. Trump’s surprise announcement of a 100% tariff on foreign movies added uncertainty. Treasury Secretary Bessent’s comments on imminent trade deals were well-received. The April ISM services report beat expectations, alleviating some concerns. Eyes are now on the upcoming Fed meeting for further economic clues.



Read more at Yahoo Finance: S&P 500 snaps 9-session winning streak, closes down 0.6%