Market Brief 9 May, 2025

Good evening, investors and traders! The markets are experiencing a mixed bag of emotions today, with the Nasdaq 100 Index (NDX) down by -0.16% to 20,053.25 and the S&P 500 Index (GSPC) down by -0.27% to 5,656.95. The news is dominated by trade talks, with President Trump hinting at a potential reduction in tariffs on Chinese goods. The US and UK have signed a new trade deal, which has boosted Bitcoin's price past $100,000. Meanwhile, the SEC has filed for a $50 million settlement with Ripple over the XRP lawsuit, and former Celsius CEO Alex Mashinsky has been sentenced to 12 years in prison for crypto fraud. The crypto market is on the rise, with Ethereum surging past $2,200, while institutional investors continue to show strong interest in Bitcoin.