S&P 500 snaps 9-session win streak after latest Trump tariff
Mon May 5, 2025 4:16 PM
After the S&P’s longest winning streak in 20 years and the Dow’s longest in two, all three indexes dove today in what the experts could only characterize as “nine up days is hard to maintain.” The session started way down, the Dow opening down almost 250, the S&P and Nasdaq much more dramatically at -50 and -190. Then there was an almost immediate resurgence until 3 pm when the Dow even went momentarily in the black reaching a gain of almost 150 before all declined again. Several triggers included more tariff announcements, continued concerns over how tariffs will impact profits, and Warren Buffett announcing stepping down as CEO at year’s end though he will remain as chair. Wait-and-see is still very much in play as reflected by way below average volume of 13.67 billion vs 18.68 average.
DJ: 41,317.43 +564.47 NAS: 17,977.73
+266.99 S&P: 5,686.68
+82.54 5/2
DJ: 41,218.83 -98.60 NAS: 17,844.24
-133.49 S&P: 5,650.38
-36.29 5/5
Mon 5-5-25 4:36 pm S&P 500 snaps 9-session win streak after latest Trump tariff | Reuters
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