Stock market today: S&P 500 slips as Trump’s tariff salvo sours sentiment
The S&P 500 set record highs on Wednesday and Thursday, but by week's end the index had gone nowhere. It ended the day with a 0.48% loss and the week with a miniscule 0.01% advance from Friday's close. The 500 fared a bit better than key Eurozone indexes: Germany's DAX fell 1.52% and France's CAC 40 gave up 1.82%.
The yield on the 10-year note ended the day at 2.48%, down 4 bps from yesterday's close. It is now 4 bps above its interim closing low of May 28th.
Here is a 15-minute chart of the week. The S&P 500 is up 7.03% year-to-date.
Volume on today's losing trade was lighter than the two record closes that preceded it.
For a longer-term perspective, here is a pair of charts based on daily closes starting with the all-time high prior to the Great Recession.
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.