Today’s Midday Market Update: Wall Street Slips as S&P 500 Aims to Snap Winning Streak
Major Indexes Pull Back After Recent Rally As of midday Tuesday, May 20, 2025, major U.S. stock indexes are trading lower, putting the S&P 500’s impressive six-day winning streak in jeopardy. The S&P 500 is down 0.18% at 5,952.68, while the Nasdaq Composite has declined 0.33% to 19,151.53, and the Dow Jones Industrial Average has slipped 0.12% to 42,742.79. This pullback comes despite a rapid and sharp rebound for stocks over the past five weeks that has brought the S&P 500 to within just 3% of its record high. The modest declines today follow a relatively calm trading session on Monday that saw marginal gains across major indexes. Home Depot Leads Earnings News Home Depot (HD) is in focus today after the home improvement retailer reported its fiscal first-quarter results before the market opened. The company’s earnings per share came in at $3.59, representing a 1.10% decrease compared to the […]