Stock Market Update Friday May 9, 2025
- AlgoTradeAlert
- 3 days ago
- 3 min read
Stock Market Update Friday May 9, 2025 Markets Meander as Volume Dries Up, Traders Stay on the Sidelines U.S. equities ended the session virtually unchanged in a lethargic day of trade, marked by the lowest turnover on the SPDR S&P 500 ETF Trust (SPY) since February. The S&P 500 (SPX) has drifted in a tight 2% range this week, finishing flat versus last Friday despite a trifecta of catalysts — earnings releases, the latest FOMC policy decision, and a headline trade agreement. The market appears to be in a consolidation phase, with investors adopting a wait-and-see approach amid macro uncertainty.
Index Performance:
S&P 500 (SPX): -0.1%
Nasdaq-100 (QQQ): Unchanged
Russell 2000 (IWM): -0.2%
Away From Stocks: Fixed Income & Commodities:In fixed income, U.S. Treasuries remained mostly rangebound. The 2-year yield ticked down modestly to 3.88% from 3.90%, reflecting a slight bid for short-dated government paper amid muted risk appetite. The long end of the curve held steady. Commodities showed more directional conviction. WTI crude remained buoyant, holding the $61 handle, while gold rebounded to $3,229 per ounce, suggesting some safe-haven interest. Digital Assets & Volatility:Bitcoin extended its parabolic ascent, surging to $103,300, further widening the divergence between traditional and digital assets. Meanwhile, implied volatility eased, with the VIX sliding below 22 for the first time since Thursday April 2, signaling a calm — if cautious — market environment.
Next Week Upcoming Economic Data Highlights:
May 13 (Monday):
6:00 AM ET – NFIB Small Business Optimism Index (Apr)
Consensus: 94.7 | Prior: 97.4
8:30 AM ET – Consumer Price Index (CPI) m/m (Apr)
Consensus: +0.3% | Prior: -0.1%
8:30 AM ET – Core CPI m/m (ex-Food & Energy) (Apr)
Consensus: +0.3% | Prior: +0.1%
8:30 AM ET – CPI y/y (Apr)
Consensus: +2.4% | Prior: +2.4%
8:30 AM ET – Core CPI y/y (Apr)
Consensus: +2.8% | Prior: +2.8%
May 15 (Wednesday):
8:30 AM ET – Producer Price Index (PPI) m/m (Apr)
Consensus: +0.3% | Prior: -0.4%
8:30 AM ET – Core PPI m/m (ex-Food & Energy) (Apr)
Consensus: +0.3% | Prior: -0.1%
8:30 AM ET – Retail Sales m/m (Apr)
Consensus: 0.0% | Prior: +1.5%
10:00 AM ET – NAHB Housing Market Index (May)
Consensus: n/a | Prior: 40.0
Want to read more?
Subscribe to algotradealert.com to keep reading this exclusive post.