US stock rally cools after latest Trump tariff at start of Fed-decision week

Quick Summary:

The S&P 500 climbed for the last nine straight sessions through May 2, its longest streak since 2004.

On May 4, Mr Trump announced a 100 per cent tariff on movies produced outside the US but provided no details on how such levies would be implemented.

Markets are pricing in about 75 basis points of rate cuts by the Fed for 2025, with the first easing of at least 25 basis points likely at the central bank’s July meeting, according to LSEG data.

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Category: EconomyBusiness

Markets: Singapore

Topics: Longest Cent Announcement Fell Streak Trump’s Points April Investors Tariff

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 04:40:08 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 677 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 31 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 28418211

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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