Stock Market Today – May 7, 2025: Wall Street Tumbles, Asia Leads Gains

🇺🇸 U.S. Market: Broad Sell-off as Investors Take Profits

Major U.S. indices dropped sharply:

• Dow Jones: 40,829.00 (-389.83 pts / -0.95%)
• S&P 500: 5,606.91 (-43.47 pts / -0.77%)
• Nasdaq: 17,689.66 (-154.58 pts / -0.87%)

The pullback was driven by profit-taking and concerns over upcoming Q2 earnings reports. Hopes for an early Fed rate cut are fading, pushing the VIX volatility index up by 4.74%, signaling rising market anxiety.

🇪🇺 European Markets: Mixed Session, Italy Outperforms

• FTSE 100 (UK): 8,597.42 (+1.07 pts / +0.01%)
• DAX (Germany): 23,249.65 (-94.89 pts / -0.41%)
• CAC 40 (France): 7,696.92 (-31.01 pts / -0.40%)
• FTSE MIB (Italy): 38,560.25 (+84.70 pts / +0.22%)

European stocks saw modest moves amid sticky inflation in the eurozone. Italian bank stocks helped push the FTSE MIB higher.

🌏 Asia-Pacific: Hong Kong Jumps on Easing Hopes

• Asia Dow: 4,286.85 (+7.82 pts / +0.18%)
• Hang Seng (Hong Kong): 23,035.30 (+372.59 pts / +1.64%)
• Shanghai (China): 3,334.12 (+18.00 pts / +0.54%)
• Nikkei 225 (Japan): 36,792.92 (-37.77 pts / -0.10%)

Asian markets traded mostly higher. Hong Kong’s Hang Seng surged 1.64% after reports of credit easing measures in mainland China, boosting tech and real estate stocks.

🛢️ Commodities:

• Gold: $3,382.80/oz (-1.17%)
• WTI Crude Oil: $59.50/barrel (+0.69%)

Oil prices rebounded slightly, while gold dropped as a stronger U.S. dollar and rising Treasury yields reduced safe-haven demand.

🔍 Quick Take:

• Global markets show a clear divergence.
• U.S. equities pull back sharply from recent highs.
• Asia remains optimistic with policy support in focus.

InfoFinance