{"id":49399,"date":"2025-05-05T06:29:08","date_gmt":"2025-05-05T11:29:08","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-watch-sp-500s-historic-streak-at-risk-as-investors-eye-fed-meeting\/49399\/"},"modified":"2025-05-05T06:29:08","modified_gmt":"2025-05-05T11:29:08","slug":"market-watch-sp-500s-historic-streak-at-risk-as-investors-eye-fed-meeting","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-watch-sp-500s-historic-streak-at-risk-as-investors-eye-fed-meeting\/49399\/","title":{"rendered":"Market Watch: S&#038;P 500&#8217;s Historic Streak at Risk as Investors Eye Fed Meeting"},"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\/market-watch-sp-500s-historic-streak-at-risk-as-investors-eye-fed-meeting\/49399\/#Market_Indexes_Pull_Back_After_Record-Setting_Rally\" >Market Indexes Pull Back After Record-Setting 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\/market-watch-sp-500s-historic-streak-at-risk-as-investors-eye-fed-meeting\/49399\/#Why_Is_the_Market_Up_Trade_Optimism_Fueled_Recent_Rally\" >Why Is the Market Up? Trade Optimism Fueled Recent Rally<\/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\/market-watch-sp-500s-historic-streak-at-risk-as-investors-eye-fed-meeting\/49399\/#Federal_Reserve_Meeting_Takes_Center_Stage_This_Week\" >Federal Reserve Meeting Takes Center Stage This Week<\/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\/market-watch-sp-500s-historic-streak-at-risk-as-investors-eye-fed-meeting\/49399\/#Major_Stock_Movers_Tech_Giants_and_Market_Leaders\" >Major Stock Movers: Tech Giants and Market Leaders<\/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\/market-watch-sp-500s-historic-streak-at-risk-as-investors-eye-fed-meeting\/49399\/#Upcoming_Earnings_and_Economic_Data_to_Watch\" >Upcoming Earnings and Economic Data to Watch<\/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\/market-watch-sp-500s-historic-streak-at-risk-as-investors-eye-fed-meeting\/49399\/#Oil_Prices_Tumble_as_OPEC_Increases_Production\" >Oil Prices Tumble as OPEC+ Increases Production<\/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\/market-watch-sp-500s-historic-streak-at-risk-as-investors-eye-fed-meeting\/49399\/#Market_Outlook_What_Investors_Should_Watch\" >Market Outlook: What Investors Should Watch<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Indexes_Pull_Back_After_Record-Setting_Rally\"><\/span>Market Indexes Pull Back After Record-Setting 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, following what has been a remarkable winning streak for major indexes. U.S. stock futures dipped in early trading, suggesting Wall Street may snap its impressive run that saw the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> log nine consecutive days of gains\u2014its longest winning streak since November 2004.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>As of Monday morning, futures tied to the S&#038;P 500 were down approximately 0.6%, while <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average futures declined 0.5% and Nasdaq-100 futures fell 0.6%.<cscitation citation_id=\"task_2__2\"><\/cscitation> This pullback comes after the S&#038;P 500 advanced nearly 1.5% on Friday, completing its recovery of all losses incurred since April 2, when President Donald Trump announced retaliatory tariffs.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Is_the_Market_Up_Trade_Optimism_Fueled_Recent_Rally\"><\/span>Why Is the Market Up? Trade Optimism Fueled Recent Rally<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The market&#8217;s recent strength has been largely attributed to increasing hopes for a U.S. trade deal with major trading partners. Chinese authorities have indicated they&#8217;re evaluating the possibility of starting trade negotiations with the U.S., and a report by The Wall Street Journal suggested that Beijing is open to trade talks.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>However, some analysts remain cautious about the sustainability of the rally. Ryan Dykmans, chief investment officer at Dunham &#038; Associates Investment Counsel, noted: &#8220;We do see this run up as being more based on excitement than actual, solid\u2014not just fundamentals, but an actual change.&#8221;<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Federal_Reserve_Meeting_Takes_Center_Stage_This_Week\"><\/span>Federal Reserve Meeting Takes Center Stage This Week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>The Federal Open Market Committee (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=FOMC\">FOMC<\/a>) begins its two-day policy meeting on Tuesday, May 6, with the interest rate decision and Fed Chair Jerome Powell&#8217;s press conference scheduled for Wednesday afternoon.<\/b> Market participants will be watching closely for any signals about future monetary policy, though the probability of a rate cut at this meeting is extremely low at just 3.2%, according to the CME Group&#8217;s FedWatch tool.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>The Fed is widely expected to maintain the target range for the federal funds rate at 4.25% to 4.50%.<cscitation citation_id=\"task_3__2\"><\/cscitation> However, recent strong economic data, including April&#8217;s better-than-expected jobs report, has reduced expectations for a rate cut at the June meeting as well, with the probability declining from 55.0% on May 1 to 36.6% on May 2.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>Powell&#8217;s press conference will be particularly noteworthy as he faces increasing political pressure from President Trump, who recently called Powell a &#8220;major loser&#8221; and claimed to know &#8220;much more than he does about interest rates.&#8221;<cscitation citation_id=\"task_3__2\"><\/cscitation> Treasury Secretary Scott Bessent has also weighed in, pointing to market signals that suggest the Fed should be cutting rates.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Stock_Movers_Tech_Giants_and_Market_Leaders\"><\/span>Major Stock Movers: Tech Giants and Market Leaders<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the &#8220;Magnificent Seven&#8221; stocks that have significant influence on market indexes, performance has been mixed. Meta Platforms (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=META\">META<\/a>) led the group with a 4.34% gain on Friday, while Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) rose 2.59% and Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>) climbed 2.38%.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>) advanced 2.32%, continuing its recovery after beating Wall Street&#8217;s targets for its fiscal third quarter and guiding above views for the current period. The company earned $3.46 a share on sales of $70.07 billion in the quarter ended March 31, exceeding analyst expectations.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>In contrast, Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>) tumbled 3.74% following its earnings report.<cscitation citation_id=\"task_2__2\"><\/cscitation> While the company reported better-than-expected March-quarter results with earnings of $1.65 a share on sales of $95.4 billion, investors remain concerned about the impact of tariffs on hardware sales and legal cases threatening its services business.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>Other notable movers included Palantir Technologies (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PLTR\">PLTR<\/a>), which gained 6.95% ahead of its earnings report scheduled for Monday after market close.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Earnings_and_Economic_Data_to_Watch\"><\/span>Upcoming Earnings and Economic Data to Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This week brings a busy calendar of corporate earnings and economic data that could further influence market direction:<\/p>\n<p>&#8211; **Monday, May 5**: Palantir (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PLTR\">PLTR<\/a>), Vertex Pharmaceuticals (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=VRTX\">VRTX<\/a>), Ford (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=F\">F<\/a>), Tyson Foods (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSN\">TSN<\/a>), Clorox (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CLX\">CLX<\/a>), and Onsemi (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ON\">ON<\/a>) report earnings<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>&#8211; **Tuesday, May 6**: U.S. trade deficit data for March; Advanced Micro Devices (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMD\">AMD<\/a>), Ferrari (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=RACE\">RACE<\/a>), Arista Networks (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ANET\">ANET<\/a>), and Electronic Arts (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=EA\">EA<\/a>) report earnings<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>&#8211; **Wednesday, May 7**: FOMC interest rate decision; Novo Nordisk (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVO\">NVO<\/a>), Uber Technologies (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=UBER\">UBER<\/a>), Walt Disney (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DIS\">DIS<\/a>), Arm Holdings (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ARM\">ARM<\/a>), and DoorDash (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DASH\">DASH<\/a>) report earnings<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>&#8211; **Thursday, May 8**: Weekly jobless claims, U.S. productivity data for Q1, and wholesale inventories for March; Shopify (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SHOP\">SHOP<\/a>), ConocoPhillips (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=COP\">COP<\/a>), and Coinbase (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=COIN\">COIN<\/a>) report earnings<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>&#8211; **Friday, May 9**: Multiple Fed officials are scheduled to speak, including Governors Lisa Cook and Christopher Waller, New York Fed President John Williams, and others<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Oil_Prices_Tumble_as_OPEC_Increases_Production\"><\/span>Oil Prices Tumble as OPEC+ Increases Production<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In commodities news, 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, following a similar increase in May.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>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. Oil prices have fallen more than 20% this year.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook_What_Investors_Should_Watch\"><\/span>Market Outlook: What Investors Should Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As the market navigates this week&#8217;s events, investors should keep a close eye on several key factors:<\/p>\n<p>1. **Fed commentary**: Powell&#8217;s press conference on Wednesday could provide crucial insights into the central bank&#8217;s thinking on inflation, employment, and future rate decisions.<\/p>\n<p>2. **Trade developments**: Any concrete announcements regarding U.S.-China trade negotiations could significantly impact market sentiment.<\/p>\n<p>3. **Earnings surprises**: With several major companies reporting this week, unexpected results could drive individual stock movements and broader market trends.<\/p>\n<p>4. **Economic indicators**: Data on trade, productivity, and jobless claims will help investors gauge the health of the economy amid ongoing concerns about inflation and growth.<\/p>\n<p>The market&#8217;s recent rally has brought the S&#038;P 500 back to pre-tariff announcement levels, but whether this momentum can continue will likely depend on this week&#8217;s developments in monetary policy, corporate earnings, and trade relations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Indexes Pull Back After Record-Setting Rally The stock market is showing signs of cooling off on Monday, May 5, [&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":[1592,3880,4,3001,4027,33,3735,4064,3736,4094,191,3741,225,3744,326,3754,336,3819,633,3850,809,3856,1551,3879],"class_list":["post-49399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-vrtx","tag-fomc","tag-tsla","tag-coin","tag-ea","tag-msft","tag-arm","tag-dash","tag-uber","tag-anet","tag-tsn","tag-meta","tag-aapl","tag-nvo","tag-amd","tag-f","tag-cop","tag-on","tag-nvda","tag-pltr","tag-dis","tag-race","tag-clx","tag-shop"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/49399","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=49399"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/49399\/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=49399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=49399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=49399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}