CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

crypto.news 2025-05-05 20:27:29

S&P 500 snaps nine-day win streak as Trump’s threats rattle markets

U.S. stocks slipped Monday, ending a historic rally as investors grew cautious over renewed trade tensions and awaited signals from the Federal Reserve. The S&P 500 dropped 0.64% to 5,650.38, breaking a nine-day winning streak — its longest since 2004. The Nasdaq Composite fell 0.74% to 17,844.24, and the Dow Jones Industrial Average dipped 0.24% to 41,218.83. Stocks opened lower as President Trump escalated tariff rhetoric over the weekend, including a proposed 100% levy on foreign films, which hit shares of Netflix and Paramount. The announcement added to existing uncertainty around trade negotiations, particularly with China. Trump said he had no plans to speak with President Xi Jinping, despite earlier hopes of resumed talks. Losses across the major indexes deepened during the day but eased after stronger-than-expected U.S. services sector data and a Bloomberg report that India may offer tariff-free access for select goods on a reciprocal basis. You might also like: Solv founder sees BTCFi outpacing Ethereum DeFi on $2t potential Trade deals are close Treasury Secretary Scott Bessent suggested trade deals are near, echoing Trump’s comments that new agreements could arrive this week. Still, many investors remain skeptical. The pullback comes ahead of a key Fed decision on Wednesday. Markets are pricing in just a 3.2% chance of a rate cut, but investors will closely watch Fed Chair Jerome Powell for commentary on the economic outlook amid trade uncertainty. You might also like: 100% HODL no more: Riot sells more Bitcoin than mined in April

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.