🚨 Wall Street Ends the Week on a Wobble – Here’s What Really Went Down 🚨
📊 The Dow dipped, $TSLA ripped, and Trump flirted with cutting China tariffs (just 80%... how thoughtful).
Stocks finished Friday doing their best impression of your WiFi on a Zoom call: glitchy, directionless, and a little bit disappointing.
The Dow dropped 0.3%, the S&P 500 barely budged, and the Nasdaq stood still like it forgot what day it was. All three indexes closed the week down less than 0.5%.
But don’t let the red candles fool you—underneath the chop, there was some serious narrative-building happening. Let’s break it all down in T&G style 👇
📉 Market Snapshot – May 9, 2025
S&P 500: 🔻 -0.07% to 5,770.20
Dow Jones: 🔻 -0.29% to 41,249.38
Nasdaq: 🟰 Flat (conveniently checked out early for the weekend)
Bitcoin: 🚀 +1.8% to $103K+ (because why not)
📦 What Moved the Market?
✅ Trump Hints at Tariff Cuts – In true Friday chaos fashion, President Trump teased that a cut from 145% to 80% tariffs on China "seems right." No formal decision, but markets took it as a wink.
✅ US-China Talks Incoming – Treasury Sec. Scott Bessent is packing his bags for Geneva this weekend. Markets are cautiously hopeful that a handshake replaces the tariff hammer.
✅ US-UK Trade Deal Afterglow – Thursday’s rally cooled, but sentiment lingered. Boeing ($BA) snagged a $10B win, and Trump’s “rocket ship” economy speech still echoes.
✅ Bitcoin Hits $104K Overnight – Because geopolitics, inflation fears, and probably astrology.
🔥 Stock Standouts
$TSLA: +4.7% 🚗💨
Top "Mag 7" performer. Up for the 3rd straight week. Elon’s back on the scene, and the market is eating it up.
$PINS: +12% 📌
Beat on earnings and monthly active users. Apparently, people still like mood boards and wedding inspo.
$EXPE: -10% 🧳
Expedia’s travel demand flopped harder than your spring break plans. Missed revenue estimates.
$PLTR: -1.5% 📉
Ends the week down ~5% as valuation concerns linger post-earnings.
$MSTR: Mixed week 🤔
Big dark pool moves and options flow, but retail unsure if it’s a dip buy or a trap.
🌐 Macro & Fed Vibes
Fed Officials Throw Shade at Trump tariffs
Fed’s Barr and Williams said tariffs = more inflation + less growth. The vibe? “Thanks, we hate it.”
Sector Watch:
Energy & Industrials: Green ✅
Healthcare & Tech: Meh to red 😬
🧠 T&G Take – What You Need to Know:
Markets are acting like that one guy at the poker table who thinks he has a read but keeps second-guessing. Trump’s tariff chatter is fueling hope, but nothing is locked in.
Meanwhile, $TSLA is the golden child again, $BTC is flexing above $103K, and Big Money seems cautiously optimistic with one foot out the door just in case.
Next week? It’s all about what happens in Switzerland. Trade talks = make or break. Will the tariff wall come down? Or are we in for more geopolitical gymnastics?