🤖WEEKLY MARKET REPORT
💣Tuesday: Trade Balance; $AMD $SMCI $TEM $RIVN $LCID Earnings
💣Wednesday: Fed Policy Decision, Powell; $DIS $UBER $NVO $ARM Earnings ⚠️
💣Thursday: Jobless Claims; $SHOP $COIN $PTON $DKNG $TTD Earnings
💣Friday: 9 Fed Speakers
The S&P 500 fell to snap its longest streak of gains in 20 years on Monday as investors assessed U.S. President Donald
Trump's latest tariff announcement ahead of the Federal Reserve's monetary policy decision later this week.
On Sunday, Trump announced a 100% tariff on movies produced outside the U.S. but provided no details on how such levies would be implemented.
Stocks have been volatile since Trump announced his first round of tariffs on April 2, with the S&P 500 initially dropping nearly 15%, only to stabilize and climb for the last nine straight sessions through Friday, its longest streak since 2004.
On the economic front, the Institute for Supply Management survey showed the services sector picked up growth in April, while a measure of prices paid by businesses for materials and services raced to the highest level in more than two years, indicating tariffs were causing inflation pressures to build.
