{"id":49396,"date":"2025-05-05T03:02:43","date_gmt":"2025-05-05T08:02:43","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-update-sp-500-may-snap-9-day-win-streak-as-trade-tensions-loom\/49396\/"},"modified":"2025-05-05T03:02:43","modified_gmt":"2025-05-05T08:02:43","slug":"stock-market-update-sp-500-may-snap-9-day-win-streak-as-trade-tensions-loom","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-update-sp-500-may-snap-9-day-win-streak-as-trade-tensions-loom\/49396\/","title":{"rendered":"Stock Market Update: S&#038;P 500 May Snap 9-Day Win Streak as Trade Tensions Loom"},"content":{"rendered":"<p>Based on the search results, I now have enough information to write the article about <a href=\"https:\/\/stockmarketwatch.com\/live\/stock-market-today\" data-internallinksmanager029f6b8e52c=\"6\" title=\"Stock Market Today\">today&#8217;s stock market<\/a>. I&#8217;ll focus on the current market indexes, upcoming events, and major stock news as requested.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-update-sp-500-may-snap-9-day-win-streak-as-trade-tensions-loom\/49396\/#Market_Indexes_Pull_Back_After_Historic_Rally\" >Market Indexes Pull Back After Historic Rally<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-update-sp-500-may-snap-9-day-win-streak-as-trade-tensions-loom\/49396\/#Trade_Negotiations_Take_Center_Stage\" >Trade Negotiations Take Center Stage<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-update-sp-500-may-snap-9-day-win-streak-as-trade-tensions-loom\/49396\/#Key_Earnings_Reports_Today\" >Key Earnings Reports Today<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-update-sp-500-may-snap-9-day-win-streak-as-trade-tensions-loom\/49396\/#Upcoming_Market_Events\" >Upcoming Market Events<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-update-sp-500-may-snap-9-day-win-streak-as-trade-tensions-loom\/49396\/#Oil_Prices_Tumble_on_OPEC_Decision\" >Oil Prices Tumble on OPEC+ Decision<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-update-sp-500-may-snap-9-day-win-streak-as-trade-tensions-loom\/49396\/#Technical_Analysis_and_Market_Outlook\" >Technical Analysis and Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Indexes_Pull_Back_After_Historic_Rally\"><\/span>Market Indexes Pull Back After Historic Rally<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The stock market is showing signs of cooling off on Monday, May 5, 2025, after an impressive nine-day winning streak that marked the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a>&#8217;s longest rally since November 2004. As of early trading, futures indicated a downward trend, with S&#038;P 500 futures down approximately 0.4%, while both <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average and Nasdaq Composite futures declined about 0.3% each.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>Last week, the major indexes posted significant gains, with the Dow climbing 3%, the S&#038;P 500 rising 2.9%, and the tech-heavy Nasdaq advancing 3.4%. Friday&#8217;s session saw the S&#038;P 500 jump nearly 1.5%, the Nasdaq gain 1.5%, and the Dow rise almost 1.4%, completing a remarkable recovery of all losses incurred since April 2, when President Trump announced retaliatory tariffs.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trade_Negotiations_Take_Center_Stage\"><\/span>Trade Negotiations Take Center Stage<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Market sentiment continues to be heavily influenced by developments in U.S. trade relations<\/b>, particularly with China. Recent reports suggest Chinese authorities are evaluating the possibility of starting trade negotiations with the U.S., and The Wall Street Journal indicated that Beijing is open to trade talks. However, investors remain cautious as no formal trade deals have been announced.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>Ryan Dykmans, chief investment officer at Dunham &#038; Associates Investment Counsel, expressed skepticism about the market&#8217;s recent surge, stating, &#8220;We do see this run up as being more based on excitement than actual, solid \u2014 not just fundamentals, but an actual change.&#8221;<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>The ongoing trade tensions have created a complex market environment, with investors hoping that progress with any major U.S. trading partner could signal that stocks have turned a corner. Art Hogan, chief market strategist at B. Riley Wealth Management, noted that &#8220;making most of April 2 go away is what I think investors are waiting for,&#8221; adding that the market would respond positively to securing even one major trade deal.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Earnings_Reports_Today\"><\/span>Key Earnings Reports Today<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several major companies are reporting quarterly results today, potentially moving markets:<\/p>\n<p>&#8211; Palantir Technologies (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PLTR\">PLTR<\/a>) will release Q1 2025 earnings after market close, with investors eager to see if the data analytics company can maintain its strong growth trajectory.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8211; Vertex Pharmaceuticals (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=VRTX\">VRTX<\/a>) is set to report Q1 2025 results after the bell, with analysts watching for updates on its cystic fibrosis treatments and pipeline developments.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8211; Ford Motor (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=F\">F<\/a>) will share its Q1 2025 performance, with particular focus on its electric vehicle sales and production targets amid increasing competition.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8211; Tyson Foods (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSN\">TSN<\/a>) reports Q2 2025 earnings before market open, with investors looking for signs of recovery in meat processing margins.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8211; ON Semiconductor (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ON\">ON<\/a>) will release Q1 2025 results before the bell, with the chip manufacturer&#8217;s outlook particularly important given ongoing semiconductor industry challenges.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8211; Loews Corp (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=L\">L<\/a>) is scheduled to report Q1 2025 earnings before market open, providing insights into its insurance, energy, and hospitality businesses.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events\"><\/span>Upcoming Market Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>All eyes are on the Federal Reserve&#8217;s two-day policy meeting<\/b> starting Tuesday, May 6. While the CME Group&#8217;s FedWatch tool indicates just a 3.2% chance of a rate cut, market participants will closely analyze any commentary from Fed Chair Jerome Powell regarding economic outlook, particularly given the uncertainty stemming from trade tensions.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>Other key economic events this week include:<\/p>\n<p>&#8211; Monday: PMI Composite final (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=April\">April<\/a>) and ISM Services PMI (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=April\">April<\/a>)<br \/>&#8211; Tuesday: Trade Balance (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=March\">March<\/a>)<br \/>&#8211; Wednesday: FOMC Meeting announcement and Consumer Credit data<br \/>&#8211; Thursday: Initial Jobless Claims, Unit Labor Costs, and Productivity data<br \/>&#8211; Friday: Speeches from New York Federal Reserve officials<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Oil_Prices_Tumble_on_OPEC_Decision\"><\/span>Oil Prices Tumble on OPEC+ Decision<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In energy markets, U.S. crude oil futures fell more than 4% on Sunday after OPEC+ agreed to increase production for a second consecutive month. U.S. crude was down $2.49, or 4.27%, to $55.80 a barrel shortly after trading opened, while global benchmark Brent fell $2.39, or 3.9%, to $58.90 per barrel.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>The eight producers in the OPEC+ group, led by Saudi Arabia, agreed on Saturday to increase output by another 411,000 barrels per day in June, following a similar increase announced for May. Oil prices have now fallen more than 20% this year, potentially providing some relief for inflation concerns.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Technical_Analysis_and_Market_Outlook\"><\/span>Technical Analysis and Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>From a technical perspective, while the S&#038;P 500 has broken above its 50-day moving average, it still faces resistance at its 200-day moving average. Fairlead Strategies founder Katie Stockton identified the next resistance level for the S&#038;P 500 at 5,783, where it traded on Election Day, but cautioned that &#8220;despite the recent bounce, the damage to the charts has been done.&#8221;<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>Similarly, Wolfe Research&#8217;s Rob Ginsberg warned that a sharp reversal in the S&#038;P 500 could bring the benchmark back down to support at 5,200, suggesting continued volatility may lie ahead.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>As we move further into May, <b>investors will be watching for signs that the market can sustain its recent recovery<\/b> amid ongoing trade uncertainties, Fed policy decisions, and a busy earnings calendar. With the S&#038;P 500&#8217;s historic winning streak potentially ending today, market participants remain cautious about whether recent gains represent a true turning point or merely a temporary reprieve in a challenging market environment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Based on the search results, I now have enough information to write the article about today&#8217;s stock market. I&#8217;ll focus [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[94],"tags":[191,1592,3754,3819,3850,4142,4205,4255],"class_list":["post-49396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-tsn","tag-vrtx","tag-f","tag-on","tag-pltr","tag-march","tag-april","tag-l"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/49396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=49396"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/49396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=49396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=49396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=49396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}