HomeMarket NewsUS Stock Market Highlights: S&P 500 snaps nine-day winning run as uncertainty on tariff deals weighs on markets
US Stock Market Highlights: The S&P 500 slipped 0.64% to close at 5,650.38 on Monday (May 5), ending its longest winning streak since 2004 as investors turned cautious amid renewed global trade uncertainty. The Nasdaq Composite dropped 0.74% to finish at 17,844.24, while the Dow Jones Industrial Average declined 98.60 points, or 0.24%, to 41,218.83. Markets opened weaker, with the Dow down as much as 253.99 points at session lows and the S&P 500 and Nasdaq both falling around 1%.
US Stock Market Highlights: The S&P 500 slipped 0.64% to close at 5,650.38 on Monday (May 5), ending its longest winning streak since 2004 as investors turned cautious amid renewed global trade uncertainty. The Nasdaq Composite dropped 0.74% to finish at 17,844.24, while the Dow Jones Industrial Average declined 98.60 points, or 0.24%, to 41,218.83. Markets opened weaker, with the Dow down as much as 253.99 points at session lows and the S&P 500 and Nasdaq both falling around 1%. However, stocks trimmed losses after data from the Institute for Supply Management (ISM) showed stronger-than-expected service sector activity in April. The upbeat economic reading partially offset investor concerns, especially as business leaders flagged growing anxiety over new U.S. tariffs. The S&P 500 had entered the session on a nine-day rally, the longest in over two decades, but trade-related headwinds proved enough to break the streak.
