1625 ET - The main U.S. stock indexes fall, snapping a remarkable winning streak that defied the gloomy economic forecasts unleashed last month by tariffs. The U.S. services PMI points to another month of expanding activity. Shares of Tyson Foods fall 8% as a cattle shortage eats into its profits. Big entertainment names such as Netflix, Warner Bros and Paramount fall after Trump announced tariffs on movies made overseas. The S&P 500 Communication Services sector closes slightly lower. Nasdaq is down 0.7%, at 17844; the S&P 500 loses 0.6%, to 5651; and the DJIA falls 98 points, or 0.2%, to 41219. (paulo.trevisani@wsj.com; @ptrevisani)
(END) Dow Jones Newswires
May 05, 2025 16:25 ET (20:25 GMT)
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