US shares retreated today (5.5.2025) to Wall Streetwith the S&P 500 being on stopping the largest profit series of the last two decades, pending the US Federal Bank meeting (Fed).
Specifically, the S&P 500 fell 0.7%, Nasdaq 100 fell 0.8%and the Dow Jones industrial average lost 0.5%. Investors’ attention on Wall Street is also focused on the Fed meeting on Wednesday (7.5.2025), as Donald Trump insists he does not intend to dismiss Jerome Powell, but continues to push him to reduce interest rates.
Trump told reporters in the Air Force One that the US could enter into trade agreements with some countries as early as this week. He added that while he has no plans to speak with Chinese President Xi Jinping in the following days, he remains open to relaxing duties in China at some point.
A trade agreement with China would be a prerequisite for the US market to maintain its recent profits, according to Morgan Stanley strategic analysts led by Michael Wilson. A short -term agreement would reassure businesses that supply chains would face limited disorders, they said.
The recent rally, which saw the S&P 500 deleting almost all April losses due to duties, took a breath. The index broke up over the 50 -day mobile average and the next level of resistance is at 5,746 points, the 200 -day mobile average.
Among the shares, Berkshire is falling 6.35% after Warren Buffett’s announcement that it will leave at the end of the year. The company’s operating profits decreased by about 14% compared to the previous year.
Netflix shares were divided by 3.10%. Tyson’s shares are receding after the protein producer announced mixed quarter results, including a minor failure to sales and weakness in beef profit, although it has risen to customized profits per share.
In the energy sector, Shell works with consultants to evaluate a possible BP acquisition, according to a Bloomberg report. Petroleum stocks are also at the center, as the crude falls after OPEC+ agreement for another large increase in production.