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

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🌍 Market-Moving News 🌍

📉 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.

🏛️ 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.

🎬 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.

🏠 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.

📊 Key Data Releases 📊
📅 Tuesday, May 6:

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

⚠️ 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.

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