• Thu. May 22nd, 2025

Prophet Forecast

Economics Forecast

S&P 500 sets up for 5th straight win as Dow and Nasdaq tick higher – Prophet Forecast Analysis

May 17, 2025

US stocks rose before the bell on Friday, poised for weekly wins after an easing in US-China trade tensions. Investors also eyed a looming vote on President Trump’s sweeping tax and spending bill.

S&P 500 futures (ES=F) moved up 0.4%, coming off a fourth straight day of gains for the broad benchmark. Contracts on the Dow Jones Industrial Average (YM=F) and the tech-heavy Nasdaq 100 (NQ=F) both advanced 0.4% too.

Wall Street is ending the week on a quietly positive note after the surprise US-China tariff rollback kicked it off with a bang and a rally in stocks.

The S&P 500 is now on track for a five-day win streak, having erased all its 2025 losses as an air of normality returned to the market. Investors have jumped back into risky assets — though some wariness has replaced those high spirits in the wake of Walmart’s (WMTwarning of tariff-fueled price hikes.