{"id":49402,"date":"2025-05-05T13:02:05","date_gmt":"2025-05-05T18:02:05","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-recap-sp-500-snaps-9-day-winning-streak-amid-trade-tensions-and-fed-meeting-anticipation\/49402\/"},"modified":"2025-05-05T13:02:05","modified_gmt":"2025-05-05T18:02:05","slug":"market-recap-sp-500-snaps-9-day-winning-streak-amid-trade-tensions-and-fed-meeting-anticipation","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-snaps-9-day-winning-streak-amid-trade-tensions-and-fed-meeting-anticipation\/49402\/","title":{"rendered":"Market Recap: S&#038;P 500 Snaps 9-Day Winning Streak Amid Trade Tensions and Fed Meeting Anticipation"},"content":{"rendered":"<p>Based on the information gathered, I&#8217;ll now create a comprehensive market recap article for May 5, 2025.<\/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\/market-recap-sp-500-snaps-9-day-winning-streak-amid-trade-tensions-and-fed-meeting-anticipation\/49402\/#Major_Indexes_Pull_Back_After_Extended_Rally\" >Major Indexes Pull Back After Extended 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-recap-sp-500-snaps-9-day-winning-streak-amid-trade-tensions-and-fed-meeting-anticipation\/49402\/#Oil_Prices_Continue_to_Slide_Following_OPEC_Decision\" >Oil Prices Continue to Slide Following OPEC+ Decision<\/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-recap-sp-500-snaps-9-day-winning-streak-amid-trade-tensions-and-fed-meeting-anticipation\/49402\/#Investors_Eye_Federal_Reserve_Meeting_and_Earnings_Reports\" >Investors Eye Federal Reserve Meeting and Earnings Reports<\/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-recap-sp-500-snaps-9-day-winning-streak-amid-trade-tensions-and-fed-meeting-anticipation\/49402\/#Notable_Stock_Movers\" >Notable Stock Movers<\/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-recap-sp-500-snaps-9-day-winning-streak-amid-trade-tensions-and-fed-meeting-anticipation\/49402\/#Looking_Ahead_Key_Earnings_and_Economic_Events\" >Looking Ahead: Key Earnings and Economic Events<\/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-recap-sp-500-snaps-9-day-winning-streak-amid-trade-tensions-and-fed-meeting-anticipation\/49402\/#Trade_Negotiations_Remain_in_Focus\" >Trade Negotiations Remain in Focus<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Pull_Back_After_Extended_Rally\"><\/span>Major Indexes Pull Back After Extended Rally<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The U.S. stock market retreated on Monday, May 5, 2025, as the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> snapped its longest winning streak in two decades. After nine consecutive days of gains, the benchmark index fell approximately 0.2% to close at 5,674.73.<cscitation citation_id=\"task_3__1\"><\/cscitation> The <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average bucked the trend, rising 0.2% to 41,411.42, while the tech-heavy Nasdaq Composite declined 0.3% to 17,927.32.<cscitation citation_id=\"task_4__3\"><\/cscitation><\/p>\n<p>Today&#8217;s pullback comes after a remarkable recovery period that saw the S&#038;P 500 reclaim all losses incurred since April 2, when President Donald Trump announced retaliatory tariffs that sparked market concerns. Despite today&#8217;s decline, the major indexes remain significantly higher than they were at the beginning of the trade tensions.<\/p>\n<p>&#8220;We do see this run up as being more based on excitement than actual, solid fundamentals or an actual change,&#8221; said Ryan Dykmans, chief investment officer at Dunham &#038; Associates Investment Counsel.<cscitation citation_id=\"task_1__1\"><\/cscitation> This sentiment reflects the cautious optimism that has characterized recent market activity.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Oil_Prices_Continue_to_Slide_Following_OPEC_Decision\"><\/span>Oil Prices Continue to Slide Following OPEC+ Decision<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Energy stocks faced pressure today as oil prices extended their recent decline. U.S. crude oil futures fell more than 4% on Sunday after OPEC+ agreed to increase production for a second consecutive month. The organization, led by Saudi Arabia, plans to boost output by 411,000 barrels per day in June, following a similar increase announced for May.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>The decision has pushed oil prices down more than 20% year-to-date, with U.S. crude trading around $55.80 per barrel and global benchmark Brent at approximately $58.90 per barrel. This continued pressure on energy prices could have significant implications for inflation and consumer spending in the coming months.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investors_Eye_Federal_Reserve_Meeting_and_Earnings_Reports\"><\/span>Investors Eye Federal Reserve Meeting and Earnings Reports<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Market participants are closely watching the Federal Reserve&#8217;s two-day policy meeting scheduled to begin tomorrow. While the CME Group&#8217;s FedWatch tool indicates just a 3.2% chance of a rate cut, traders will be scrutinizing any commentary from Fed Chair Jerome Powell regarding the economic outlook, especially given the heightened uncertainty stemming from ongoing trade tensions.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>On the earnings front, several notable companies reported results today, including On Semiconductor and Tyson Foods. However, the spotlight is on Palantir Technologies (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PLTR\">PLTR<\/a>), which is set to release its first-quarter earnings after the market close. The data analytics company has been the best-performing stock in the S&#038;P 500 this year, with a year-to-date gain of 57%.<cscitation citation_id=\"task_4__1\"><\/cscitation> Palantir shares were trading slightly higher today at $124.36, near their all-time high.<cscitation citation_id=\"task_4__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Notable_Stock_Movers\"><\/span>Notable Stock Movers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among individual stocks, several companies made significant moves today:<\/p>\n<p>&#8211; Skechers U.S.A. (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SKX\">SKX<\/a>) led the gainers, surging 24.4% following strong quarterly results.<cscitation citation_id=\"task_4__3\"><\/cscitation><br \/>&#8211; Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>) declined 2.5% to $280.18 amid broader concerns about potential tariff impacts on electric vehicle manufacturers.<cscitation citation_id=\"task_4__3\"><\/cscitation><br \/>&#8211; Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) showed resilience, slipping just 0.14% to $114.34 despite the tech sector&#8217;s overall weakness.<cscitation citation_id=\"task_4__3\"><\/cscitation><br \/>&#8211; Lucid Group (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LCID\">LCID<\/a>) fell 5.5% to $2.39, continuing its challenging year.<cscitation citation_id=\"task_4__3\"><\/cscitation><br \/>&#8211; Berkshire Hathaway (BRK-A, BRK-B) shares dropped over 4% following the company&#8217;s annual meeting over the weekend.<cscitation citation_id=\"task_4__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead_Key_Earnings_and_Economic_Events\"><\/span>Looking Ahead: Key Earnings and Economic Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This week promises to be eventful for market participants, with several high-profile earnings reports scheduled. Tuesday will see results from Advanced Micro Devices (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMD\">AMD<\/a>) and Super Micro Computer (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SMCI\">SMCI<\/a>), while Wednesday brings highly anticipated reports from Disney (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DIS\">DIS<\/a>), Uber (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=UBER\">UBER<\/a>), and Occidental Petroleum (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=OXY\">OXY<\/a>).<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>Later in the week, investors will focus on reports from 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>) on Thursday.<cscitation citation_id=\"task_2__1\"><\/cscitation> These earnings releases, combined with the Federal Reserve&#8217;s policy decision, could significantly influence market direction for the remainder of the week.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Trade_Negotiations_Remain_in_Focus\"><\/span>Trade Negotiations Remain in Focus<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Recent market gains have been partly fueled by 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, no formal trade agreements have been announced, and analysts caution that market volatility could return if substantial progress isn&#8217;t made before the 90-day tariff pause ends in July. The ongoing uncertainty surrounding international trade relations continues to be a key factor influencing investor sentiment and market performance.<\/p>\n<p><b>As we move further into May, market participants will be closely monitoring developments in trade negotiations, Federal Reserve communications, and corporate earnings reports for clues about the market&#8217;s next major move.<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Based on the information gathered, I&#8217;ll now create a comprehensive market recap article for May 5, 2025. Major Indexes Pull [&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":[3736,4,3849,3850,326,3879,336,357,595,633,809,823,3001],"class_list":["post-49402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-uber","tag-tsla","tag-lcid","tag-pltr","tag-amd","tag-shop","tag-cop","tag-oxy","tag-smci","tag-nvda","tag-dis","tag-skx","tag-coin"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/49402","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=49402"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/49402\/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=49402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=49402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=49402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}