Stock Rally Stalls as Data & Trump Policy Urge Caution – US Market Wrap

Stocks fell after one of the market’s best days in 2025, as traders paused to assess risks ranging from a trade war to an economic slowdown and inflationary pressures.

After churning for the majority of the session, the S&P 500 managed to close up 0.2% on a renewed advance in big tech. Consumer confidence fell to its lowest level in four years, weighing on sentiment. Even as traders increased their bets on Fed rate cuts this year. Bond yields have slipped. The dollar reversed a four-day rally. Oil prices fell after the US announced that Russia and Ukraine had agreed to a cease-fire in the Black Sea. The price of copper in the United States reached a record high.

The Nasdaq 100 gained 0.5%. The Dow Jones Industrial Average showed little change. A gauge of megacaps outperformed the market, with only Nvidia declining.
The yield on 10-year Treasuries fell two basis points to 4.31 percent. The dollar fell 0.1%.