The S&P 500 plummeted below 5,000 for the first time in nearly a year, triggered by investor anxieties over President Trump’s impending tariffs. A strong morning rally faded as hopes for tariff delays diminished. The benchmark index has suffered a significant market value loss since the tariff announcement.
US stocks close lower as tariff uncertainty weighs
Trump said he and top administration officials will review potential trade deals over the next two weeks to decide which ones to accept.
May 7, 2025