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Stock Market News: Dow Falls Ahead of U.S.-China Trade Talks
The S&P 500 was lower and the Nasdaq was flat.
Last Updated:
May 9, 2025 at 6:18 PM EDT
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Latest Updates
19 hours ago
President Donald Trump’s strong support to drill for more oil–among other factors– turned a veteran credit strategist optimistic on energy in January. He bailed on the call on Friday.
Michael Anderson, head of U.S. credit strategy at Citigroup, wrote he’s “throwing in the towel” on a call to invest more in energy within high-yield, in a note on Friday. High yield bonds are a category of debt with high risk and high returns.
Oil futures rise for the first week in the last three after the market shakes off the scare over OPEC+'s accelerated production plans and turns its focus to U.S. trade talks–including this weekend with China–that could ease demand-loss worries.
U.S. benchmark WTI had additional support from the EIA's report of a larger-than-expected stock draw, including at Cushing, Ritterbusch says in a note.
20 hours ago
Gold futures have begun to again climb, even as the Trump Administration teases more trade deals in the pipeline, including possible pacts with India, Japan, and Vietnam, among others.
The uncertainty heading into the weekend is making the safe haven of gold more attractive for investors, with the front-month contract finishing up 1.2% to $3,335.40 a troy ounce.
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