The S&P 500 ended its nine-day winning streak on May 5 after President Trump announced a 100% tariff on movies produced outside the U.S., adding to market uncertainty. Despite concerns about trade tensions and the upcoming Federal Reserve policy decision, Skechers surged 24.3% after a major buyout deal, while Netflix and Amazon struggled. Investors are closely watching for signs of progress in trade negotiations and potential rate cuts from the Fed.
