S&P 500 index ends 9-day rally amid tariff concerns — The Economic Times

The Economic Times reports that the S&P 500 index has ended its longest streak of gains in 20 years. The index fell 0.62% to 5,634 on Monday amid investor caution over new tariffs announced by US President Donald Trump and ahead of this week's Federal Reserve (Fed) decision. Experts cited by the publication expect the Fed to keep rates unchanged, while a decrease of 75 basis points is predicted for 2025.

The S&P 500 had risen for nine consecutive sessions, recovering from an earlier decline of 15%. Energy stocks led the losses after OPEC+ accelerated oil production growth, reinforcing fears of a supply glut.

The Nasdaq Composite index lost 0.73%, while the Dow Jones Industrial Average fell 0.25%.

At the same time, US Treasury Secretary Scott Bessent voiced support for Trump's economic agenda. However, analysts cited by The Economic Times point to global risks associated with protracted trade disputes.