S&P 500 Snaps 9-Session Winning Streak, Closes 0.6%

• The S&P 500 went down for the first time in nine days of negotiation On Monday. It Nasdaq It also lowered the day slightly. It Dowry Jones’s industrial average fell so well after being positive for much of the day. The main focus of the investors is still commercial offers as they wait for the Fed meeting on Wednesday.

The S&P 500 ended with its longer positive streak in more than 20 years on Monday. The S&P closed 0.6%, reaching a winning streak again, the longest since 2004.

Dow closed the day down 98 points after being for most of the day. With about 20 minutes left before the market closed, the index was sold, ending negative during the day. Nasdaq also closed negative, 0.7%.

All the main rates increased from the minimum session before the day, but they are not enough to recover the losses. The S&P and Nasdaq dropped approximately 1% at one time in the morning before the rest of the day. In the meantime, the Dow fell up to 250 points.

Investors sought to expand an excellent daily growth race that began last month. The markets had met since the initial shock of President Donald Trump’s tariff was dissipated in mid -April.

The thread of the positive career of S&P 500 was the belief that the United States would land various trade agreements with foreign countries very soon. At the same time, the markets seemed optimistic, as the United States and China were ready to start negotiations in a trade agreement.

Commercial offers are still the driving force behind the market movements. On Monday, the markets started the day much lower than they closed on Friday, but they went up all day.

During the weekend, Trump made another surprise rate announcement that caught investors and did little to bring fears due to the lack of certainty in the market. On Sunday, the President announced a 100% rate in the United States films. The unexpected decree was a blow to investors who hoped that the fares levels would remain more or less wherever they are now. Trump, on the other hand, added a new round of sectoral rates, this time to the entertainment industry.

However, investors seemed to react positively to the Treasury Secretary, Scott Bessent during a CNBC interview When he said that the United States was “very close to some offers”.

On Monday, the markets received some good news when the Abril Services Report, which measures the conditions of service companies, exceeded expectations. With economists and delegates who warn the falls of consumers’ confidence as a result of the white house’s fare policy, analysts were pleasantly surprised to see that April was an increase in economic activity in April.

For the rest of the week, all eyes will be at the Fed meeting that will take place on Tuesday and Wednesday. Investors are largely waiting for the Federal Reserve to maintain stable interest rates. However, they will analyze all the words of the Wednesday press conference by Fed President Jerome Powell for more clues to the economy. So far, Powell has recognized the United States’s perspectives including “higher inflation and slower growth.”

This story originally presented to Fortune.com