Dow, S&P 500 Rally Comes to an Abrupt End

The trading day concluded with declines amidst renewed trade concerns and the latest economic reports drawing investors’ attention. In April, the ISM index increased to 51.6%, while the S&P Global U.S. services PMI dropped to 50.8, marking a multi-year low. Despite this, the Dow managed to maintain some gains throughout most of the day.