Today, May 6, 2025, the U.S. stock market is experiencing a decline amid investor caution ahead of the Federal Reserve's two-day policy meeting starting this afternoon. The Dow Jones Industrial Average dropped by about 221 points, or 0.54%, continuing the downward trend following the end of a nine- day winning streak for major indexes like the Dow and S&P 500

. The S&P 500 and Nasdaq also fell, with the Nasdaq being the hardest hit due to concerns over tariffs and trade policies

. Market sentiment is influenced by uncertainty surrounding President Trump's recent tariff announcements, including plans for 100% tariffs on films produced outside the U.S. and potential tariffs on pharmaceuticals. These trade tensions are pressuring sectors such as entertainment and automotive, with companies like Ford and Mattel adjusting forecasts and prices accordingly

. Investors are closely watching Federal Reserve Chair Jerome Powell's remarks for insights on how the Fed will handle inflation pressures linked to tariffs and the risk of an economic downturn. While a rate cut is not expected, the Fed's assessment of the economic impact of trade policies is a key focus

. In summary, the stock market is down today due to tariff-related uncertainties and anticipation of the Fed's policy meeting, with the Dow down about 221 points or 0.54% as of now