"US Stock Market Closes Lower Amid Trade Concerns and Economic Data"

On May 7, 2025, the US stock market closed on a downward trend, influenced by several key factors. The Dow Jones Industrial Average slid by 1 percent, or 389.83 points, to close at 40,829.00, with twenty-two of its thirty components ending in negative territory.The S&P 500 fell by 0.8 percent, or 43.47 points, to close at 5,606.91. Nine out of the eleven broad sectors of the S&P 500 closed in the red, with the Health Care sector being the biggest decliner, dropping by 2.8 percent. The Industrials and Consumer Discretionary sectors also declined, each by 0.9 percent, while the Utilities sector was the sole gainer, advancing by 1.2 percent.The tech-heavy Nasdaq Composite fell by 0.9 percent, or 154.58 points, to close at 17,689.66.The market's downward movement was driven by investor concerns over the White House's inconsistent stance on global trade deals and the release of economic data showing a historic trade deficit. Additionally, investors were awaiting the Federal Reserve's policy decision, which added to the uncertainty.In terms of notable sector performance, Health Care, Industrials, and Consumer Discretionary were among the top decliners, while Utilities saw a gain.As for market highlights, the most actively traded stocks and biggest percentage gainers or losers were not specifically highlighted in today's reports, but the overall mood was grim due to the aforementioned economic and trade concerns.Looking forward, pre-market futures indicated a cautious start to the next trading day. Key events to watch include the Federal Reserve's policy decision and any updates on global trade negotiations. Important upcoming earnings releases will also be closely monitored for their potential to move the market.Significant market-moving news events included the ongoing trade tensions and economic data releases, which have kept investors on edge. Potential market catalysts in the near future include any developments in trade negotiations and the Federal Reserve's policy announcements.This content was created in partnership and with the help of Artificial Intelligence AI