Stock Market Update
07-May-25 15:35 ET
Markets chop around before the close
Dow +143.77
at 40971.91,
Nasdaq -107.98
at 17581.68,
S&P -7.96
at 5598.95
[BRIEFING.COM] The stock market continues to chop around ahead of the close. The S&P 500 dipped back below its prior close, down 0.2% from yesterday.
Earlier, the Consumer Credit report for March showed an increase of $10.17 billion (Briefing.com consensus $11.0 billion) following a $0.6 billion contraction in February. Markets didn't react much as investors focus on the Fed's latest move and commentary.
Fed Chair Powell largely reiterated prior remarks about waiting for more clarity on the tariff front and in economic data before moving policy rates again.
