{"id":49397,"date":"2025-05-05T03:28:50","date_gmt":"2025-05-05T08:28:50","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-may-snap-9-day-winning-streak-as-futures-dip\/49397\/"},"modified":"2025-05-05T03:28:50","modified_gmt":"2025-05-05T08:28:50","slug":"stock-market-today-sp-500-may-snap-9-day-winning-streak-as-futures-dip","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-may-snap-9-day-winning-streak-as-futures-dip\/49397\/","title":{"rendered":"Stock Market Today: S&#038;P 500 May Snap 9-Day Winning Streak as Futures Dip"},"content":{"rendered":"<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-today-sp-500-may-snap-9-day-winning-streak-as-futures-dip\/49397\/#Market_Indexes_Pull_Back_After_Record_Run\" >Market Indexes Pull Back After Record Run<\/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-today-sp-500-may-snap-9-day-winning-streak-as-futures-dip\/49397\/#Oil_Prices_Plunge_as_OPEC_Boosts_Production\" >Oil Prices Plunge as OPEC+ Boosts Production<\/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-today-sp-500-may-snap-9-day-winning-streak-as-futures-dip\/49397\/#Upcoming_Federal_Reserve_Meeting_in_Focus\" >Upcoming Federal Reserve Meeting in Focus<\/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-today-sp-500-may-snap-9-day-winning-streak-as-futures-dip\/49397\/#Earnings_Season_Continues_with_Key_Reports\" >Earnings Season Continues with Key Reports<\/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-today-sp-500-may-snap-9-day-winning-streak-as-futures-dip\/49397\/#Tech_Stocks_Remain_in_Focus\" >Tech Stocks Remain in Focus<\/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-today-sp-500-may-snap-9-day-winning-streak-as-futures-dip\/49397\/#Economic_Data_on_Tap\" >Economic Data on Tap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-sp-500-may-snap-9-day-winning-streak-as-futures-dip\/49397\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Indexes_Pull_Back_After_Record_Run\"><\/span>Market Indexes Pull Back After Record Run<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The stock market appears poised to take a breather on Monday, May 5, 2025, as futures indicate a lower opening following the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a>&#8217;s impressive nine-day winning streak\u2014its longest since November 2004. As of early morning trading, futures tied to the S&#038;P 500 were down approximately 0.4%, while <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average futures and Nasdaq-100 futures each declined about 0.3%.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>The recent rally had helped major indexes recover all losses incurred since April 2, when President Trump announced retaliatory tariffs, sparking concerns about global trade tensions. Despite the potential pullback today, the broader market has shown remarkable resilience, with the S&#038;P 500 advancing nearly 1.5% on Friday to complete its ninth consecutive positive session.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Oil_Prices_Plunge_as_OPEC_Boosts_Production\"><\/span>Oil Prices Plunge as OPEC+ Boosts Production<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Contributing to today&#8217;s cautious market sentiment, U.S. crude oil futures fell more than 4% on Sunday after OPEC+ agreed to increase production for a second consecutive month. The group, led by Saudi Arabia, will boost output by another 411,000 barrels per day in June, matching their May increase. Oil prices have now fallen more than 20% this year, with U.S. crude trading around $55.80 per barrel.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Federal_Reserve_Meeting_in_Focus\"><\/span>Upcoming Federal Reserve Meeting in Focus<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are closely watching the Federal Reserve&#8217;s two-day policy meeting beginning Tuesday. According to the CME Group&#8217;s FedWatch tool, markets are pricing in just a 3.2% chance of a rate cut at this meeting. However, traders will scrutinize any commentary from Fed Chair Jerome Powell regarding the economic outlook amid heightened uncertainty stemming from trade tensions.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p><b>&#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;<\/b> said Ryan Dykmans, chief investment officer at Dunham &#038; Associates Investment Counsel, suggesting caution about the sustainability of recent gains.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Earnings_Season_Continues_with_Key_Reports\"><\/span>Earnings Season Continues with Key Reports<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several notable companies are reporting earnings before the bell today, including Cummins (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CMI\">CMI<\/a>), Tyson Foods (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSN\">TSN<\/a>), ON Semiconductor (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ON\">ON<\/a>), and Zimmer Biomet (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ZBH\">ZBH<\/a>).<cscitation citation_id=\"task_2__2\"><\/cscitation> <\/p>\n<p>Later in the week, investors will hear from tech giants like Arista Networks (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ANET\">ANET<\/a>), Advanced Micro Devices (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMD\">AMD<\/a>), and Walt Disney (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DIS\">DIS<\/a>), which could provide further insights into corporate America&#8217;s health amid trade uncertainties.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Stocks_Remain_in_Focus\"><\/span>Tech Stocks Remain in Focus<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The &#8220;Magnificent Seven&#8221; tech stocks continue to influence market direction. Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>) shares surged 7.6% last Thursday after exceeding analysts&#8217; forecasts for its fiscal third quarter, highlighting strong growth in its Intelligent Cloud segment and affirming plans for $80 billion in AI infrastructure spending throughout fiscal 2025.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>Meanwhile, Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>) tumbled nearly 4% on Friday following its earnings report, as investors weighed the potential impact of tariffs on hardware sales and legal challenges to its services business.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) has been attempting to move decisively above its 50-day moving average for the first time since February, while Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>) shares have shown strength despite being approximately 40% below their December 2023 all-time high.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economic_Data_on_Tap\"><\/span>Economic Data on Tap<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Today&#8217;s economic calendar includes the PMI Composite final and ISM Services PMI for April, which will provide insights into the services sector&#8217;s health. These reports, along with Friday&#8217;s jobs data, will help investors gauge whether the U.S. economy remains strong enough to weather potential trade disruptions.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook\"><\/span>Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While the market has shown impressive resilience in recent weeks, analysts remain cautious about the path forward. Increasing hopes for a U.S. trade deal with major trading partners have buoyed sentiment, with Chinese authorities evaluating the possibility of starting trade negotiations with the U.S. However, no concrete trade deals have been announced yet.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>As Wall Street navigates this period of uncertainty, investors should monitor upcoming economic data, Fed commentary, and corporate earnings for clues about the market&#8217;s next direction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Indexes Pull Back After Record Run The stock market appears poised to take a breather on Monday, May 5, 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