How major US stock indexes fared Tuesday, 5/6/2025

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U.S. stocks closed lower on Wall Street as AI mania loses more steam and as more companies pull their financial forecasts because of uncertainty created by President Donald Trump’s tariffs.

The S&P 500 fell 0.8% Tuesday. The drop came a day after the index broke a nine-day winning streak, its longest such run in more than 20 years. The Dow Jones Industrial Average fell 0.9%, and the Nasdaq composite sank 0.9%.

Palantir Technologies was one of the heaviest weights on the market, even though the AI company reported a profit for the latest quarter that met analysts’ expectations.

On Tuesday:

The S&P 500 fell 43.47 points, or 0.8%, to 5,606.91.

The Dow Jones Industrial Average fell 389.83 points, or 0.9%, to 40,829.

The Nasdaq composite fell 154.58 points, or 0.9%, to 17,689.66.

The Russell 2000 index of smaller companies fell 21.07 points, or 1.1%, to 1,983.19.

For the week:

The S&P 500 is down 79.76 points, or 1.4%.

The Dow is down 488.43 points, or 1.2%.

The Nasdaq is down 288.07 or 1.6%.

The Russell 2000 is down 37.55 points, or 1.9%.

For the year:

The S&P 500 is down 274.72 points, or 4.7%.

The Dow is down 1,715.22 points, or 4%.

The Nasdaq is down 1,621.13 or 8.4%.

The Russell 2000 is down 246.97 points, or 11.1%.