empty
09.05.2025 03:36 PM
Update on US stock market on May 9. SP500 and NASDAQ trading higher

At the close of the last regular session, US stock indexes ended in the green. The S&P 500 rose by 0.58%, the Nasdaq 100 gained 1.07%, and the industrial Dow Jones increased by 0.62%.

Today, Asian stock indices also posted gains ahead of the upcoming trade talks between the US and China, expected to take place this weekend. A trade agreement with the United Kingdom has sparked optimism over potential tariff relief and restored confidence that Trump's administration might find a path to resolving disputes with other nations as well.

This image is no longer relevant

However, behind this wave of optimism, experts point to several factors that could complicate the next phase of trade negotiations. Firstly, the specific nature of the British economy and its close ties to the European Union require a tailored approach that is unlikely to be applicable to larger economies such as China or Germany. Secondly, the internal political climate in the United States is putting added pressure on the administration, possibly forcing it to act more decisively and perhaps less flexibly when it comes to concessions. Additionally, disagreements within Trump's own administration regarding trade policy strategy could further obstruct the path to compromise.

Futures on US and European stock indexes rose slightly, while yields on 10-year US Treasury bonds edged down. Gold halted its decline and climbed 0.3%.

It's clear that investors are focused on the outcome of this weekend's trade negotiations after President Donald Trump stated that he believes the talks could yield meaningful progress and that China may be ready to make concessions. "The current risk-on sentiment around US-UK trade could face a reality check this weekend in Switzerland," analysts at Skandinaviska Enskilda Banken AB noted. "If initial talks between China and the US show no sign of backing away from sky-high tariffs, the dollar is likely to resume its decline."

To recap, US Treasury Secretary Scott Bessent and Trade Representative Jamison Greer are set to meet in Switzerland with Chinese Vice Premier He Lifeng. Trump has said that if the talks go well, he may consider reducing the 145% tariff imposed on a wide range of Chinese goods back in April.

There are rumors that the US side is targeting a tariff reduction below 60% as an initial step, and they believe China might be open to that. Any progress during the two days of scheduled discussions could lead to implementation of those reductions as early as next week. "There's a high degree of optimism that some rollback of current damaging tariffs may occur," said Manulife Investment Management. "But it would be a mistake to expect a quick and easy solution to US-China relations."

This image is no longer relevant

Commodities update

Oil prices rose, reflecting optimism around the potential for further trade agreements involving the US.

S&P 500 technical outlook The key task for buyers today will be to break through the nearest resistance at $5,677. This move would support further growth and open the path toward $5,692. Another important objective for the bulls is to gain control over the $5,715 level, which would further strengthen their position. If the index moves lower due to a decline in risk appetite, buyers are expected to step in around $5,653. A break below this support could quickly send the instrument down to $5,630, with $5,608 as the next major target.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Update on US stock market on June 20. SP500 and NASDAQ open with gains

Yesterday, US financial markets were closed. US stock indices ended the electronic trade mixed: the S&P 500 slipped by 0.03%, the Nasdaq 100 gained 0.13%, and the Dow Jones Industrial

Jakub Novak 11:54 2025-06-20 UTC+2

S&P 500 Forecast for June 20, 2025

For the past six weeks, the price has been unsuccessful in testing the resistance of the MACD indicator line on the weekly chart. However, the recent consolidation above the 5908

Laurie Bailey 07:16 2025-06-20 UTC+2

Calm above, crisis below: markets weigh oil, inflation, and Middle East risks

The US stock market is showing mixed performance, reflecting investors' ambivalent outlook after the holiday break. In the latest trading session, the S&P 500 slipped 0.03%, while the Nasdaq rose

Anna Zotova 13:29 2025-06-19 UTC+2

Update on US market on June 19. Federal Reserve downgrades its economic outlook. Stock market awaits correction

S&P500 Snapshot of major US stock indices on Wednesday Dow -0.1%, NASDAQ +0.1%, S&P 500 -0.1%, the S&P 500 closed yesterday at 5,981 trading within the range of 5,600

Jozef Kovach 12:43 2025-06-19 UTC+2

Stock Market as of May 19th: S&P 500 and NASDAQ Decline After Fed Meeting

At the end of the previous regular session, U.S. stock indices closed mixed. The S&P 500 fell by 0.03%, while the Nasdaq 100 rose by 0.13%. The Dow Jones Industrial

Jakub Novak 10:54 2025-06-19 UTC+2

Stock Market on May 18th: S&P 500 and NASDAQ

At the close of the most recent regular session, U.S. stock indices ended in decline. The S&P 500 fell by 0.84%, while the Nasdaq 100 dropped by 0.91%

Jakub Novak 11:53 2025-06-18 UTC+2

All eyes on Powell, but geopolitics may steal spotlight

The market is at a standstill. With the Fed's decision looming and growing political pressure from two fronts — monetary and geopolitical — market participants are bracing for a sharp

Anna Zotova 11:27 2025-06-18 UTC+2

Playing on edge: can markets ignore geopolitics for another day?

The US stock market continues to disregard geopolitical realities. Indices have approached key levels and are ready for a breakout. The only question is, in which direction? If upcoming events

Anna Zotova 13:27 2025-06-17 UTC+2

Stock Market on May 17th: S&P 500 and NASDAQ

At the end of the last regular session, U.S. stock indices closed higher. The S&P 500 rose by 0.94%, while the Nasdaq 100 gained 1.55%. The Dow Jones Industrial Average

Jakub Novak 11:56 2025-06-17 UTC+2

Update on US stock market on June 17

S&P500 Snapshot of major US stock indices on Monday: Dow +0.8%, NASDAQ +1.5%, S&P 500 +0.9%, S&P 500 at 6,033 in an intraday range of 5,600 to 6,200. On Monday

Jozef Kovach 10:45 2025-06-17 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.