[Breaking News] New York Stock Exchange Takes a Breather Following Short-term Rally... Mixed Market Opening

# Wall Street Indices Show Mixed Results Amidst Trade Negotiation Uncertainties **New York – Yonhap News (Jinho Jin, Yonhap Infomax Correspondent)** – Wall Street's major indices are experiencing mixed performances as the market pauses after a recent rally, affected by ongoing uncertainties in global trade negotiations. As of 11:15 a.m. Eastern Time on the 5th, the Dow Jones Industrial Average increased by 20.52 points, or 0.05%, reaching 41,337.95 on the New York Stock Exchange (NYSE). Conversely, the S&P 500 fell by 24.28 points, or 0.43%, to 5,662.39, and the Nasdaq Composite Index dropped by 110.70 points, or 0.62%, to 17,867.03. # Unresolved Trade Negotiations Impact Market Sentiment No significant progress has been made in the tariff negotiations between the United States and its key trading partners. Market speculation suggests that the U.S. has requested Taiwan to appreciate its currency, although official confirmation is yet to be provided. Similarly, trade talks between the U.S. and Japan remain unresolved, with disagreements over auto and steel tariffs persisting as key issues. Japan’s Finance Minister reiterated that U.S. Treasury bonds are not being considered in the negotiations, despite expectations that U.S.-Japan trade discussions could take longer than initially anticipated. President Donald Trump mentioned that trade negotiations, including those with China, are ongoing, implying that some form of agreement might be reached this week. While the initial optimism surrounding trade talks has diminished, expectations of further deterioration are low. Nonetheless, Trump's proposal to impose a 100% tariff on foreign-made films has negatively affected investor sentiment. # Netflix and Media Companies Decline, Skechers Soars on Buyout News Media and streaming companies are facing pressure due to Trump's suggested tariffs on international films. Netflix shares have fallen by over 2%, while Walt Disney and Warner Bros. Discovery are also trading slightly lower. Warner Bros. faced significant volatility, with shares plunging over 5% during pre-market trading. Berkshire Hathaway's stock dropped by 5% after Warren Buffett announced his plan to step down as CEO at the end of this year, leading to selling pressure among disappointed investors. In contrast, Howard Hughes Corp.’s stock rose by over 3% following an increased stake by hedge fund Pershing Square, bolstering investor optimism. Skechers shares soared by 25% on news of a buyout by private equity firm 3G Capital, which is reportedly offering a 30% premium for the footwear company. # Sectoral Trends and Economic Data Except for the industrial and real estate sectors, all other sectors are trading in negative territory. Energy stocks are particularly down by more than 1%. On the economic front, the U.S. services sector continues to expand, though growth rates differ among reporting institutions. The Institute for Supply Management (ISM) reported a rise in the Services PMI to 51.6 in April, up from 50.8 in March. However, S&P Global’s final Services PMI for April was 50.8, lower than the initial estimate of 51.4. # European Markets Display Mixed Trends, Oil Prices Plummet In Europe, stock markets are also showing mixed results. The Euro Stoxx 50 is down by 0.03%, while Germany’s DAX Index has surged by 1.14%. The U.K. market is closed for the "Bank Holiday." Oil prices have plummeted due to concerns over increased supply by OPEC+ and growing fears of a global economic slowdown. As of 11:30 a.m., June West Texas Intermediate (WTI) crude futures have dropped by 3.04%, trading at $56.52 per barrel. July Brent crude, the global benchmark, is trading at $59.61 per barrel, a 2.74% decline from the previous session. ### Market Outlook Despite the recent market rebound, JP Morgan Asset Management’s Chief Global Strategist David Kelly advised caution. “While the market rebound is welcome, it's too early to declare stability,” Kelly noted, highlighting that the U.S. economy is losing momentum. Without significant progress in trade talks or immediate fiscal stimulus, the risk of a recession remains pronounced. Markets will continue to closely monitor developments, particularly trade news and economic data, as volatility remains prevalent.