{"id":49480,"date":"2025-05-20T10:02:18","date_gmt":"2025-05-20T15:02:18","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/todays-midday-market-update-wall-street-slips-as-sp-500-aims-to-snap-winning-streak\/49480\/"},"modified":"2025-05-20T10:02:18","modified_gmt":"2025-05-20T15:02:18","slug":"todays-midday-market-update-wall-street-slips-as-sp-500-aims-to-snap-winning-streak","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/todays-midday-market-update-wall-street-slips-as-sp-500-aims-to-snap-winning-streak\/49480\/","title":{"rendered":"Today&#8217;s Midday Market Update: Wall Street Slips as S&#038;P 500 Aims to Snap Winning Streak"},"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\/todays-midday-market-update-wall-street-slips-as-sp-500-aims-to-snap-winning-streak\/49480\/#Major_Indexes_Pull_Back_After_Recent_Rally\" >Major Indexes Pull Back After Recent 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\/todays-midday-market-update-wall-street-slips-as-sp-500-aims-to-snap-winning-streak\/49480\/#Home_Depot_Leads_Earnings_News\" >Home Depot Leads Earnings News<\/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\/todays-midday-market-update-wall-street-slips-as-sp-500-aims-to-snap-winning-streak\/49480\/#Tech_Stocks_Retreat_After_Recent_Surge\" >Tech Stocks Retreat After Recent Surge<\/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\/todays-midday-market-update-wall-street-slips-as-sp-500-aims-to-snap-winning-streak\/49480\/#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\/todays-midday-market-update-wall-street-slips-as-sp-500-aims-to-snap-winning-streak\/49480\/#Market_Movers_and_Notable_Stocks\" >Market Movers and Notable Stocks<\/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\/todays-midday-market-update-wall-street-slips-as-sp-500-aims-to-snap-winning-streak\/49480\/#Bond_Market_and_Other_Assets\" >Bond Market and Other Assets<\/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\/todays-midday-market-update-wall-street-slips-as-sp-500-aims-to-snap-winning-streak\/49480\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Pull_Back_After_Recent_Rally\"><\/span>Major Indexes Pull Back After Recent Rally<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of midday Tuesday, May 20, 2025, major U.S. stock indexes are trading lower, putting the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a>&#8217;s impressive six-day winning streak in jeopardy. The S&#038;P 500 is down 0.18% at 5,952.68, while the Nasdaq Composite has declined 0.33% to 19,151.53, and the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average has slipped 0.12% to 42,742.79.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>This pullback comes despite a rapid and sharp rebound for stocks over the past five weeks that has brought the S&#038;P 500 to within just 3% of its record high. The modest declines today follow a relatively calm trading session on Monday that saw marginal gains across major indexes.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Home_Depot_Leads_Earnings_News\"><\/span>Home Depot Leads Earnings News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Home Depot (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=HD\">HD<\/a>) is in focus today after the home improvement retailer reported its fiscal first-quarter results before the market opened. The company&#8217;s earnings per share came in at $3.59, representing a 1.10% decrease compared to the same quarter last year. However, revenue topped analysts&#8217; expectations, helping the stock move higher in early trading.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<p>During the earnings call, Home Depot executives addressed concerns about President Donald Trump&#8217;s tariffs, stating they plan to keep prices unchanged despite the new trade policies. This stance contrasts with comments from Walmart executives last week that suggested prices would eventually need to rise in response to the levies, citing margin pressures.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<p>Other notable companies reporting earnings today include Elbit Systems (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ESLT\">ESLT<\/a>), Amer Sports (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AS\">AS<\/a>), and Hovnanian Enterprises (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=HOV\">HOV<\/a>), with Toll Brothers (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TOL\">TOL<\/a>) set to release its quarterly report after the market closes.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Stocks_Retreat_After_Recent_Surge\"><\/span>Tech Stocks Retreat After Recent Surge<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The technology sector, which has led the market&#8217;s recent rally, is experiencing a modest pullback today. Mega-cap tech stocks are mostly lower, though the declines are relatively small. Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>), Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>), Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>), Amazon (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AMZN\">AMZN<\/a>), and Meta Platforms (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=META\">META<\/a>) are each down less than 0.5%.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>Nvidia, which has been a market leader, is down 1.32% today after jumping 3% on Friday as it attempted to move decisively above its 50-day moving average for the first time since February 20. The chipmaker has faced challenges in 2025, with its stock down approximately 18.9% year-to-date.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>) is bucking the trend, rising more than 1% in midday trading. The electric vehicle manufacturer&#8217;s shares have gained ground in each of the past four weeks, though they remain about 40% below their all-time high set in December 2024.<cscitation citation_id=\"task_3__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>Fed Speakers in Focus<\/b><\/p>\n<p>Traders are keeping an eye out for commentary about the Federal Reserve&#8217;s interest rate policy, as several central bank officials are scheduled to speak today, including St. Louis Fed President Alberto Musalem. These comments could provide insights into the Fed&#8217;s thinking on future rate decisions amid ongoing economic uncertainty.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p><b>Tariff Developments<\/b><\/p>\n<p>Market participants continue to monitor developments related to U.S. trade policies. Last week&#8217;s agreement between the U.S. and China to reduce reciprocal tariffs from 125% to 10% during a 90-day negotiation period has provided some relief to investors, though a separate 20% tariff imposed by President Trump on China as part of efforts to stem the flow of fentanyl remains in place.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Movers_and_Notable_Stocks\"><\/span>Market Movers and Notable Stocks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond the major tech names, several stocks are making significant moves today:<\/p>\n<p>&#8211; UnitedHealth (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=UNH\">UNH<\/a>) has gained more than 2%, continuing to rebound from a sell-off last week spurred by the departure of its CEO and reports that the health insurer faces a DOJ investigation.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>&#8211; Among the <a href=\"https:\/\/stockmarketwatch.com\/movers\/today\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Top Stocks\">top gainers<\/a> on the Nasdaq are Peloton Interactive (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PTON\">PTON<\/a>) up 4.69%, Moderna (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MRNA\">MRNA<\/a>) rising 3.62%, and Dollar Tree (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DLTR\">DLTR<\/a>) advancing 2.82%.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>&#8211; On the Dow Jones, Merck &#038; Co (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MRK\">MRK<\/a>) is leading with a 1.76% gain, followed by Nike (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NKE\">NKE<\/a>) up 1.63% and Boeing (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=BA\">BA<\/a>) rising 1.38%.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bond_Market_and_Other_Assets\"><\/span>Bond Market and Other Assets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The yield on the 10-year Treasury note, which affects borrowing costs on various consumer and business loans, is at 4.47% in recent trading, down slightly from yesterday&#8217;s close of 4.48%. The yield had shot up to 4.56% early Monday, its highest intraday level in more than a month, as investors digested Moody&#8217;s downgrade of U.S. sovereign debt.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>In other markets, Bitcoin is trading at $105,300, little changed from Monday afternoon but not far from its record high of about $109,000 set in January. <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold<\/a> futures are up 0.3% at $3,240 an ounce, while West Texas Intermediate crude oil futures have slipped 0.5% to $62.40 per barrel.<cscitation citation_id=\"task_3__2\"><\/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>Despite today&#8217;s pullback, some market analysts remain optimistic about the recent rally. Carson Group chief market strategist Ryan Detrick noted that the S&#038;P 500&#8217;s nearly 20% gain over the previous 27 trading days should be taken seriously, stating, &#8220;That&#8217;s not a bear market rally. That&#8217;s not a short-covering rally.&#8221;<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>However, concerns persist about the impact of tariffs on the economy and worries about a potential U.S. recession. Investors even shrugged off the downgrade of the U.S. government&#8217;s credit by Moody&#8217;s Ratings, suggesting a degree of resilience in market sentiment despite these headwinds.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>As trading continues this afternoon, market participants will be watching for any shifts in momentum that could determine whether the major indexes can recover from their midday losses or extend their declines into the close.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Pull Back After Recent Rally As of midday Tuesday, May 20, 2025, major U.S. stock indexes are trading [&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 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