From Nasdaq: 2025-05-05 14:34:00

Stock indexes are trading lower today, with the S&P 500 down -0.37%, the Dow Jones up +0.07%, and the Nasdaq 100 down -0.47%. Energy producers are sliding due to a drop in WTI crude prices after OPEC+ agreed to increase production levels. The US Apr ISM services index unexpectedly rose, showing economic strength.

Q1 earnings growth for S&P 500 stocks is expected at +6.7%, down from earlier estimates. Overseas markets are lower, with European bond yields moving down. June 10-year T-notes fell as the yield rose to 4.336%. The Eurozone May Sentix investor confidence index rose, and swaps predict a rate cut by the ECB.

Energy and media stocks are declining, impacted by falling crude prices and potential tariffs on overseas films. Tyson Foods leads S&P 500 losers, while Apple leads Dow Jones losers. ON Semiconductor and Zimmer Biomet Holdings are also down. EQT Corp is a top gainer after an upgrade by UBA, and Howard Hughes Holdings rose on a new investment agreement.

Freshpet, Axsome Therapeutics, and Wendy’s are among the top gainers after positive reports. Earnings reports for May 5 include companies like Clorox, Ford, and Tyson Foods. Analysts are watching the market closely for developments in trade policies and the upcoming FOMC meeting.



Read more at Nasdaq: Trade War Risks Weigh on Stocks