U.S. stock markets experienced volatility over May 6 and May 7, 2025. On May 6, the S&P 500 opened down 0.9%, falling 51.09 points to 5,599.29 shortly after the market opened. The Dow Jones Industrial Average dropped 342.07 points, or 0.83%, to 40,876.76, while the Nasdaq Composite declined 209.22 points, or 1.17%, to 17,635.02. The S&P 500 reached a session low with a 1% decline, and the Nasdaq 100 dropped 1.3%. However, by mid-afternoon, the indexes pared some losses with the S&P 500 down 0.5%, Nasdaq down 0.7%, and Dow down 0.4%. The S&P 500 and Nasdaq closed the day down 0.7%. On May 7, the markets rebounded following the Federal Reserve's decision to hold interest rates steady. The S&P 500 opened up 0.2% and closed up 0.48% at 5,633.83, gaining 26.92 points. The Dow Jones unofficially closed up 285.33 points, or 0.70%, at 41,114.33. The Nasdaq also closed higher, up 47.82 points, or 0.27%, at 17,737.48. Futures trading resumed with slight declines in the S&P 500 E-minis and Nasdaq futures. The late rally in stocks was attributed to chip sector gains after the Fed's rate decision.