- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Dow, S&P 500 slip amid ongoing market uncertainty
By: bitcoin ethereum news|2025/05/07 04:45:01
0
Share
Dow Jones Industrial Average and the S&P 500 opened lower as U.S. stocks slipped again on Tuesday, May 6 amid ongoing tariff uncertainty. S&P 500 slid 0.8%, while Dow Jones Industrial Average futures dropped more than 300 points, or roughly 0.6%. Meanwhile, the Nasdaq Composite shed over 1.1% to lead the early losses for stocks, after a notable dump for futures. The shares of Nvidia, Meta Platforms and Tesla all opened more than 1% lower. Also down after premarket struggles were shares of Goldman Sachs, Lucid and Palantir. The lackluster performance comes as the market awaits the Federal Reserve meeting, which starts on Tuesday. Also in investor sights is the existing tariffs scenario, with President Donald Trump’s remarks as well as views on interest rates crucial. It is amid this outlook that Paul Tudor Jones, a billionaire hedge-fund manager, believes the stock market could yet dip further. The billionaire investor told CNBC’s ‘Squawk Box’ that this is likely even if Trump ends up toning down the aggressive tariffs approach towards China. “For me, it’s pretty clear. You have Trump who’s locked in on tariffs. You have the Fed who’s locked in on not cutting rates. That’s not good for the stock market...We’ll probably go down to new lows, even when Trump dials back China to 50%,” Jones noted. Jones’ remarks about the Fed comes ahead of the central bank’s rate decision expected on Wednesday, May 7. Consensus is largely on Fed keeping its interest rates unchanged. Expectations for June means investors will pay close attention to comments from Fed chair Jerome Powell. Key will be the experts’ take on the economy and the trade war situation. The recent economic data will be key but so is the tariffs offensive against China. Notably, Trump added to the trade war conversation with another threat of additional tariffs against pharmaceuticals. Earlier, it was the 100% tariffs on foreign media that had stocks such as Netflix and Disney slumping amid downside pressure for the Dow and S&P 500. As well as the overall market performance on the day, investors will be alert to earnings releases, with spotlight on AMD, Super Micro and electric vehicle maker Rivian. Across the market, traders will also be watching market reaction for Bitcoin (BTC). Source: https://crypto.news/dow-sp-500-slip-amid-ongoing-market-uncertainty/
You may also like
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
The world belongs to Chinese people who speak English
The world is vast, and only playing half of it is truly a loss.
Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth
Bitcoin is digital capital, and I will spend a thousand hours explaining it to you. Eventually, you will understand, but you will still have to endure a 45% crash.
Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot
This is a key step in Virtuals expanding the Agent Economy into the Embodied AI and Robotics field.
Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply
The Truth about Stablecoin Circulation Speed, Concentration, and Structure After Doubling the Supply
Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer
It took Paradigm three years to emerge from the ruins of FTX.
Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?
This is more like a manifesto, discussing "the very reason we are here."
$1.3 Billion Debt: BitDeer Faces Tough Battle
Wu Jihan is waiting for AI's money to catch up with the speed of debt.
Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No
In the AI Era, what is the most valuable thing?
Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund
Emerging from the ruins of FTX, Paradigm took three years
Ethereum Unveils Scaling Roadmap, What's Different This Time?
Short-term improvements to execution efficiency through the Gas mechanism optimization and block validation parallelization, and long-term scalability through ZK-EVM and blobs data architecture.
Anthropic Ban Wave, OpenAI $100 Billion Funding Controversy: What Is the Overseas Crypto Community Talking About Today?
What Have Foreigners Been Most Interested in Over the Last 24 Hours?
Morning News | OpenAI receives $110 billion investment; Solana launches Solana Payments; M0, MoonPay, and PayPal jointly launch PYUSDx
Overview of Important Market Events on February 27
Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market
In the dataset, transfers are no longer simply labeled as pure "transaction volume," but are classified as different on-chain activities. This is the difference between "just knowing that $100 trillion has been transferred" and "understanding why it was transferred."
Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"
Every trend here is affecting everyone's future survival.
Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious
In Silicon Valley, Altman's sub-12-hour move has a name. It's not called backstabbing, it's called timing.
The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday
The most important industry in the crypto world, only 300 kilometers away from the missile's impact point
Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?
The interest of the younger generation is shifting from cryptocurrency to the field of artificial intelligence, which coincides with the current phenomenon in the cryptocurrency industry.
The little deer live by the water and grass
Mining companies have never been the most devout believers in Bitcoin. Under the pressures of halving compressing profits, financial reports showing revenue growth without profit increase, and coin prices falling below mining costs, the industry is collectively de-risking.
App