Wall St closes near flat with focus on US-China talks
Fri May 9, 2025 4:17 PM
The big deal is the coming trade talks with China this weekend in Geneva and since the consensus is that things could go either way, the market indexes waffled back and forth most of the day between red and black but mostly straddling break-even. The exception was the Dow which went more deeply into the black most of the day reaching a low point of about a -220 but eventually closing at a -119.
This however is pretty typical in a nervous market where, if good news comes this weekend, it will be very good news for tech so investors are trying to figure out if they should leave the safety of industrials. 450 S&P companies have now reported with 76% beating estimates, but tempered with many companies withdrawing their forecasts. Volume was a little below the 16.47 billion average, coming in today at 16.03 billion.
DJ: 41,368.45 +254.48 NAS: 17,928.14
+189.98 S&P: 5,663.94
+32.66 5/8
DJ: 41,249.38 -119.07 NAS: 17,928.93
+0.78 S&P: 5,659.91
-4.03 5/9
Fri 5-9-25 4:17 pm Wall St closes near flat with focus on US-China talks | Reuters
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