Nightly $SPY / $SPX Scenarios for May 6, 2025

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๐ŸŒ Market-Moving News ๐ŸŒ

๐Ÿ“‰ Market Retreats Amid Tariff Concerns
U.S. stock markets declined on May 5, 2025, as investors reacted to potential tariffs and key earnings reports. The S&P 500 dropped 0.6%, and the Nasdaq decreased 0.7%. Notably, Palantir Technologies (PLTR) fell nearly 8% in extended trading despite raising its full-year revenue forecast and exceeding Q1 revenue estimates.

๐Ÿ›๏ธ Fed Meeting Commences Amid Political Pressure
The Federal Reserve's two-day meeting begins today, with the central bank expected to maintain its benchmark interest rate at 4.25%-4.5%. Despite President Trump's calls for rate cuts, the Fed remains cautious due to inflationary risks from new tariffs and migration policies.

๐ŸŽฌ Entertainment Stocks Under Pressure
Streaming giants Netflix (NFLX) and Disney (DIS) experienced premarket losses of over 5% and 3%, respectively, following President Trump's proposal of a 100% tariff on foreign-made movies.

๐Ÿ  Housing Market Faces Challenges
The U.S. housing market is weakening due to persistent high mortgage rates and economic uncertainty driven by tariff policies. Mortgage rates, currently averaging 6.76%, have deterred both prospective buyers and sellers.

๐Ÿ“Š Key Data Releases ๐Ÿ“Š
๐Ÿ“… Tuesday, May 6:

8:30 AM ET: U.S. International Trade in Goods and Services (March)

โš ๏ธ Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.

๐Ÿ“Œ #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis

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