FX.co ★ S&P 500 Ends 6-Day Win Streak

On Tuesday, U.S. stock markets finished the day in negative territory, breaking a six-day winning streak for the S&P 500, which fell by 0.4%. The Nasdaq also declined by 0.4%, and the Dow Jones was down by 114 points. This downturn came after a period of recovery fueled by diminishing trade tensions and optimism surrounding President Trump's proposed tax and tariff policies. However, market sentiment shifted to a more cautious outlook due to renewed uncertainties about trade negotiations and political opposition to the tax plan. The technology sector experienced significant declines, with Alphabet's shares dropping during its Google I/O event, accompanied by decreases in Nvidia, Meta, Apple, and Microsoft. Contrarily, Tesla saw a 0.5% increase after Elon Musk confirmed his intention to remain CEO for the next five years. Furthermore, the markets faced additional pressure from mixed earnings reports from Home Depot and fresh cautions from JPMorgan and Federal Reserve officials. Notably, St. Louis Fed President Alberto Musalem warned that tariffs could potentially hinder economic growth and suppress inflation expectations.