Index Snaps Profitable Streak Forward of Fed Assembly

• The S&P 500 slipped 0.6% on Monday, Could 5, 2025, breaking a nine-day successful streak forward of this week’s interest-rate choice by the Federal Open Market Committee.

• Medical machine maker Zimmer Biomet mentioned it expects tariffs to weigh on profitability, and its shares dropped.

• Tyson Meals shares moved decrease after the meat processor missed quarterly gross sales estimates and cited prices associated to an antitrust settlement.
  

Main U.S. equities indexes moved decrease to kick off a week of buying and selling that may function the newest coverage choice by the Federal Reserve, which has been dealing with strain from President Donald Trump to decrease rates of interest.

The S&P 500 fell 0.6% on Monday, ending its streak of 9 consecutive optimistic buying and selling days. After buying and selling increased for a lot of the session, the Dow ran out of steam within the afternoon to finish with a lack of 0.2%, whereas the Nasdaq completed 0.7% decrease.

Zimmer Biomet (ZBH) shares plunged almost 12%, simply dropping probably the most of any inventory within the S&P 500 on Monday. The producer of orthopedic implants, identified for its synthetic knee and hip joints, decreased its earnings outlook for 2025, noting that tariffs might drag down working income by $60 million to $80 million over the complete 12 months. The corporate indicated that it’s exploring choices to mitigate the potential tariff impression, together with potential shifts within the nations the place it sources and manufactures its merchandise.

In the meantime, the leisure enterprise turned the newest business to be caught within the trade-war crosshairs after Trump introduced a 100% tariff on foreign-made movies.

Though ON Semiconductor (ON) topped first-quarter revenue estimates and primarily matched gross sales expectations, the facility and sensing chipmaker’s income fell 22% year-over-year, reflecting softness in automotive markets. The corporate famous that it faces macroeconomic challenges and anticipated value declines in elements of its enterprise. Onsemi shares fell 8.4%.

Tyson Meals (TSN) reported lower-than-expected gross sales for its fiscal second quarter, and shares of the rooster, pork, and beef processor dropped 7.8%. Tyson pointed to a major earnings impression from setting apart roughly $340 million associated to the settlement of an antitrust investigation relating to alleged price-fixing within the pork business. Though adjusted earnings per share for the interval exceeded expectations, the corporate additionally supplied comparatively underwhelming full-year gross sales steering.

Shares of web area supplier GoDaddy (GDDY) superior 3.4%, securing the S&P 500’s high every day efficiency. With Monday’s features, GoDaddy inventory clawed again a portion of the steep losses posted Friday within the wake of the corporate’s quarterly earnings launch. Though the internet hosting firm fell in need of expectations on annual recurring income and analysts raised considerations about its valuation, GoDaddy’s income and EPS topped estimates.