Stock prices set to pull back due to tariff concerns resurfacing

From Investing.com: 2025-05-05 09:12:00

Stock prices reached a short-term top on Friday as the S&P 500 gained 1.47% despite concerns about new tariffs impacting corporate earnings. Investor sentiment is bearish, with only 20.9% bullish. The S&P 500 neared its late March local highs.

The S&P 500 gained 2.92% last week, but uncertainty remains about a new uptrend forming. The Nasdaq 100 closed 1.60% higher on Friday but is expected to pull back to the 20,000 level. The VIX extended declines, reaching 22.34.

S&P 500 futures contract traded below 5,700 this morning, with resistance at 5,700-5,720 and support at 5,600. Investors should maintain disciplined risk management amid conflicting signals and potential volatility.



Read more at Investing.com: S&P 500: Stocks Set to Retrace as Tariff Concerns Resurface