Equities close lower as tariff uncertainty weighs
Tue May 6, 2025 4:30 PM
Tariff uncertainty continues to haunt the markets and that sent all the indexes straight down today, the Dow and Nasdaq with fairly large 3-digit losses. This was all exacerbated by the announcement of still more tariffs to come, this time on pharmaceuticals. Adding to the turmoil was some walking back from the earlier statement that there would be new trade deals this week, now changed to two more weeks. This is the kind of change the market doesn’t like, continues to sour consumer sentiment as well, plus the added negative of more companies withdrawing profit outlooks. Volume reflects all this, coming in at 14.24 billion, still way below the 4-week average of 17.95 billion.
DJ: 41,218.83 -98.60 NAS: 17,844.24
-133.49 S&P: 5,650.38
-36.29 5/5
DJ: 40,829.00 -389.83 NAS: 17,689.66
-154.58 S&P: 5,606.90
-43.48 5/6
Tue 5-6-25 4:30 pm Equities close lower as tariff uncertainty weighs | Reuters
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