Market Update: S&P 500 and Other Stocks on May 9, 2025

The S&P 500 saw a slight decline of 0.1% on Friday, May 9, 2025. This dip came as investors were cautious, looking for fresh insights on tariffs ahead of upcoming discussions between U.S. and Chinese officials over the weekend.

• Insulet’s stock experienced a significant boost as insulin pump manufacturers lifted their earnings projections for the year, prompting analysts to adjust their price targets upward.

• In contrast, shares of Expedia fell after the company revised its full-year forecast downward, citing weaker-than-expected travel demand in the U.S.

Major U.S. stock indexes retreated from earlier gains on Friday, mainly due to the prevailing uncertainty surrounding tariffs before the discussed meetings with Chinese officials. The S&P 500 ended the day lower by 0.1%, breaking its two-day streak of gains to finish the week approximately 0.5% down. The Dow Jones Industrial Average dropped around 0.3%, while the Nasdaq saw no change, ending the week in negative territory as well.

Insulet’s stock, known for its insulin delivery systems, surged over 20% on Friday. The company delivered better-than-expected quarterly results and increased its full-year revenue outlook, prompting Jefferies analysts to raise their stock price target from $350 to $360. The stock was near the $311 mark by the end of the day.

Microchip Technology shares saw a rise of 12.6% as analysts increased their price targets, encouraged by a strong outlook despite a 27% year-on-year drop in fourth quarter sales, which was less severe than predicted.

Tesla shares rose by 4.7%, marking three consecutive weeks of gains, driven by optimism around new trade agreements in the U.S. This increase followed a rocky start to the week, during which reports indicated declines in sales in Europe and China.

On the other hand, Akamai Technologies experienced a setback, with its stock dropping over 10% after ScotiaBank lowered its price target for its cybersecurity division, adjusting it from $107 to $105 while the stock hovered slightly above $76 that day.

Expedia Group faced a nearly 8% decline as it released disappointing first-quarter results and downgraded its full-year forecast, reflecting the overall weak travel demand. CEO Ariane Gorin commented that despite the weaker-than-expected conditions, the company managed to boost bookings and revenues.

Lastly, TKO Group Holdings, which owns World Wrestling Entertainment and the Ultimate Fighting Championship, saw its shares dip by 5.5% after reporting earnings that fell short of analysts’ expectations, despite a raise in its full-year revenue guidance.