S&P 500 INDEX (SPX) Live: The Markets Turn Cautious in Data-Filled Week
Key Points
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The markets are threatening to end their winning streak to start this data-filled week. Stocks are off their worst levels of the session.
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NFLX shares are lower as tariffs on foreign-made films loom.
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Markets Pivot to Ford Earnings
The markets failed to turn around, ending the trading session lower across the board and ending a multi-session winning streak. Stocks are awaiting further details on trade deals, which the White House has revealed could come as soon as this week, which would not be soon enough for the markets. Ford (NYSE: F | F Price Prediction) stock fell just over 1% on the day ahead of the automaker’s quarterly results after the closing bell today. When fellow automaker General Motors (NYSE: GM) reported its quarterly results last month, the company withdrew its profit guidance due to tariff uncertainty. Here’s how the major indices finished the trading day:
Dow Jones Industrial Average: Down 69.52 (-0.17%)
Nasdaq Composite: Down 132.40 (-0.74%)
S&P 500: Down 36.79 (-0.66%)
Economic Uncertainty
U.S. Treasury Secretary Scott Bessent is making the rounds, speaking to global investors today about President Trump’s economic plan. He pointed to a three-pronged approach, including tariffs, tax cuts and deregulation. Bessent’s remarks failed to provide any greater clarity on the status of tariff negotiations with key U.S. trade partners, leaving the markets at a standstill. The three major stock market averages remain mixed, with the Dow Jones Industrial Average moving higher while the S&P 500 and Nasdaq Composite remain lower.
Winners and Losers
Airline stock Delta (NYSE: DAL) is gaining 3% on the day, while United Airlines (Nasdaq: UAL) is tacking on 2.7%.
EQT (NYSE: EQT) is advancing by 2.9% on the day on the heels of a dividend announcement.
Ralph Lauren (NYSE: RL) is up 2.8%.
Tyson Foods (NYSE: TSN) is losing 9.6% today on a quarterly revenue miss.
Zimmer Biomet (NYSE: ZBH) is also down 9%.
In what is proving to be a volatile session on Wall Street, the markets have come off their lows of the session. The markets are coming off the heels of a nine-day winning streak and have come out of the gate with plenty of headlines to process, chief among which has been the announced retirement of Berkshire Hathaway (NYSE: BRK-B) CEO Warren Buffett. Wall Street firm TD Cowen has issued a report suggesting that price increases from tariffs will be reflected in May’s inflation data.
The Federal Reserve gathers this week to determine the near-term outlook on interest rates while the markets will also be paying close attention to the tone in comments from Chairman Jerome Powell. First-quarter earnings continues to unfold as names like Palantir Technologies (Nasdaq: PLTR), Ford Motor (NYSE: F) and Diamondback Energy (Nasdaq: FANG) take the spotlight.
Mag Seven stocks are a mixed bag as shares of Apple (Nasdaq: AAPL) extend their losses with a 2% decline today. Sectors of the economy were originally all lower but industrials and telecom stocks have since made their way into the green. Netflix (Nasdaq: NFLX) shares are lower after President Trump tossed in fresh tariffs on foreign-made films.
Here’s a look at the performance as of morning trading:
Dow Jones Industrial Average: Down 50.53 (-0.12%)
Nasdaq Composite: Down 133.34 (-0.74%)
S&P 500: Down 32.82 (-0.58%)
Market Movers
Berkshire Hathaway (NYSE: BRK-B) is down 6% but maintains a $1.1 trillion market cap as Buffett prepares to pass the reins to his successor Greg Abel at the end of the year.
Footwear stock Skechers (NYSE: SKX) has decided to leave the publicly traded markets behind and has accepted a private equity takeover by 3G Capital for $63 per share, sending the stock higher by 25% percentage today.
Jefferies maintains a “hold” rating on Tesla (Nasdaq: TSLA), suggesting the valuation has already given the stock the benefit of the doubt in areas like tech innovation and scalability.
Mizuho analysts are bullish on Bloom Energy (NYSE: BE), lifting shares to an “outperform” rating from “neutral” on an attractive risk/reward profile and sending the stock 3.5% higher today.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
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