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π S&P 500 Futures Stay Flat After Big Winning Streak
🕑 Added 2025-05-05 05:30:53 +0000 UTCWhatβs happening:
The S&P 500, a key U.S. stock index, just had nine days in a row of gains β something that hasnβt happened in 20 years. On Monday, futures (which show how the market might open) were steady, as investors took a break after a big run-up.
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A Rare Winning Streak
The S&P 500 has now gone up for nine days in a row, the longest streak since 2004 β the same year Mark Zuckerberg started Facebook in his college dorm room.
On Friday, the market rose again after a strong jobs report. The U.S. added 177,000 jobs in April, better than the 133,000 that economists expected. This helped calm worries that the economy might be slowing down too quickly.
π Recovered from Tariff Worries
Earlier this year, stocks fell because of concerns over tariffs (extra taxes on imports), especially between the U.S. and China. But now, those losses have been completely recovered.
Helping the market last week:
Strong job growth
Signs that the U.S. and China might talk again about trade
Because of this, the S&P 500 is now about 8% below its all-time high from February.
π Whatβs Next? The Fed Decision
This week, the big focus is the Federal Reserveβs meeting. The Fed will decide if interest rates will stay the same or change. Their decision affects borrowing costs, credit cards, and the economy in general.
The meeting starts Tuesday and ends Wednesday. Fed Chair Jay Powell will speak afterwards to explain what they decided and why β especially how trade issues like tariffs might affect their plans.
