S&P 500 Ends Nine-Day Streak Amid Trade Worries

The S&P 500 recorded a nine-day winning streak, its longest since 2004, recovering losses from April’s tariff-driven sell-off before major indexes declined on Monday. This rally was driven by optimism over potential tariff relief and robust corporate earnings, despite unresolved trade tensions and a possible 100% tariff on foreign films still under White House review. The Federal Reserve's upcoming FOMC meeting is closely watched, with markets largely expecting no change to interest rates amid persistent inflation and tariff uncertainty. Individual stocks such as Zimmer Biomet and Tyson Foods experienced notable declines tied to tariffs and regulatory settlements. Broader economic anxiety remains, with high inflation, rising household debt, and public skepticism about economic improvement as highlighted by the U.S. Chamber of Commerce and recent polls. While Wall Street has rebounded, concerns linger on Main Street about the long-term impact of tariffs on consumer prices and employment.