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LIVE MARKETS-S&P 500 dips as more news on US-China trade awaited

ReutersMay 9, 2025 8:25 PM
  • Dow ends modestly red, S&P 500 edges down, Nasdaq ekes out gain
  • Healthcare weakest S&P 500 sector; Energy leads gainers
  • Dollar down; bitcoin, gold rise; crude up >1.5%
  • US 10-Year Treasury yield edges up to ~4.39%

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S&P 500 DIPS AS MORE NEWS ON US-CHINA TRADE AWAITED

The S&P 500 index .SPX ended slightly lower on Friday as investors weighed recent comments from President Donald Trump about U.S. trade discussions with China and awaited more talks over the weekend.

The Dow .DJI finished just modestly lower, while the Nasdaq .IXIC eked out a gain.

In terms of S&P 500 sectors, healthcare .SPXHC led losses and ended down 1.1% on the day. Energy .SPNY led gainers. NYMEX crude futures CLc1 are rallying nearly 2%.

Trump said on Friday an 80% tariff on Chinese goods "seems right," for the first time suggesting a specific alternative to the 145% levies he has imposed on Chinese imports ahead of closely watched weekend talks.

All three of the major indexed ended down for the week, while the small-cap Russell 2000 .RUT rose for a fifth straight week in its longest winning streak since six weeks of gains that ended in December 2023.

With tariff worries still fresh, investors will be keen to see results next week from top retailer Walmart WMT.N.

Here is the closing snapshot:

(Caroline Valetkevitch)

FRIDAY'S EARLIER LIVE MARKETS POSTS:

FOCUS WILL BE ON RETAILER RESULTS AMID TARIFF WORRIES - CLICK HERE

INDIVIDUAL INVESTOR BULLS MAKE A LEAP - AAII CLICK HERE

US-UK TRADE DEAL NOT GAME CHANGER - OXFORD ECONOMICS CLICK HERE

U.S. STOCKS EDGE LOWER WITH EYES ON TRADE TALKS CLICK HERE

NASDAQ COMPOSITE IN A HIGH-HURDLE FACE-OFF CLICK HERE

THE BRIGHT SPOTS IN UK DOMESTIC STOCKS CLICK HERE

EASING IN EUROPE EASIER THAN US CLICK HERE

DAX HITS NEW RECORD ON TARIFF OPTIMISM CLICK HERE

EUROPE BEFORE THE BELL: SENTIMENT HELPED BY US-UK TRADE DEAL CLICK HERE

US-CHINA TALKS STIR HOPE, AND SCEPTICISM CLICK HERE

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