From Nasdaq: 2025-05-06 18:04:00

Market indexes closed lower today, with the Dow dropping 389 points, the S&P 500 down 43 points, the Nasdaq falling 154 points, and the Russell 2000 losing 21 points. President Trump’s tough tariff talk influenced sentiment, especially regarding new tariffs on pharmaceutical imports.

In Q1 earnings after the close, AMD beat estimates with earnings of 96 cents per share and revenues of $7.44 billion. Wynn Resorts missed estimates with earnings of $1.07 per share and revenues of $1.7 billion. Rivian Automotive posted a narrower loss than expected with revenues of $1.24 billion.

Tomorrow, expect fiscal Q2 earnings from The Walt Disney Co., with projected -2.48% earnings growth and +4.77% top-line growth. The Federal Open Market Committee meeting will end with no expected change in interest rates, but Fed Chair Jerome Powell will address questions on rate lowering and his term ending in 2026.



Read more at Nasdaq: Tariff Talk Returns to Sink Markets; Plus Q1 Earnings