🇺🇸 May 5, 2025 (Mon, Trading Day) – U.S. Stock Market & Economic Highlights 📉

📊 Market Summary

• NASDAQ: 17,844.24 (-0.74%)
• S&P 500: 5,650.38 (-0.64%)
• Dow Jones: 41,218.83 (-0.24%)
• USD/KRW: 1,390.00 KRW (-3.30%)

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📰 Key Highlights

1. S&P 500 and Nasdaq Break 9-Day Win Streak
   After the longest rally in 20 years, both indexes ended their 9-day winning streak. Investors are turning cautious ahead of policy decisions and trade-related uncertainties.
   Reuters
2. Trump’s 100% Tariff Proposal on Foreign Films
   President Trump proposed a 100% tariff on foreign films, prompting a drop in streaming and media stocks like Netflix (-1.9%) and Paramount Global (-1.6%). This move is escalating trade tension.
   WSJ
3. Warren Buffett to Step Down as CEO of Berkshire Hathaway
   Berkshire Hathaway shares slid 5.1% after Buffett announced he would retire as CEO by year-end, shocking investors.
   WSJ
4. Services PMI Beats Forecasts, Market Reaction Muted
   The April U.S. Services PMI came in at 51.6, beating expectations, yet markets showed little response amid the overhang of trade concerns.
   WSJ
5. Strong April Jobs Report Overshadowed by Q1 GDP Contraction
   April non-farm payrolls increased by 177,000, above expectations. However, Q1 GDP shrank by 0.3%, renewing concerns about economic slowdown.
   AJG
6. All Eyes on This Week’s Fed Rate Decision
   The Fed is expected to hold rates steady, but growing trade tensions may influence its stance. Markets are watching closely for the Fed’s tone.
   US News

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🔮 Outlook & Upcoming Events

• May 7 (Wed): Federal Reserve interest rate decision
• May 9 (Fri): U.S. CPI data release
• May 10 (Sat): Fed Chair Jerome Powell's speech

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💡 Conclusion & Investment Strategy

Market volatility is rising as uncertainty surrounding U.S. trade policy and Federal Reserve decisions builds. Investors are advised to maintain a defensive portfolio strategy, closely monitor economic indicators, and stay alert for policy shifts throughout the week.