On May 15, 2025, the S&P 500 experienced a gain of 0.41%, driven by optimistic investor sentiment related to trade discussions and potential agreements. The index is currently challenging the 5,900-6,000 resistance zone, inching closer to its record high observed in February 2025. Market analysts anticipate a positive opening today, projecting a 0.4% increase.
Investor sentiment shows signs of improvement, with the AAII Investor Sentiment Survey reporting 35.9% bullish and 44.4% bearish readings as of May 14, 2025. The technology-heavy Nasdaq closed 0.08% higher and is expected to retest the 21,500 resistance level today. However, Applied Materials (NASDAQ:AMAT) stock experienced a 5% drop in pre-market trading.
The volatility index indicates reduced market fear, trending downwards. S&P 500 futures are up approximately 0.4% in premarket trading, suggesting a favorable market open. The support level is near 5,870, and traders are keenly awaiting the release of the Michigan Consumer Sentiment data. The University of Michigan Consumer Sentiment Index actual reading came in at 50.8, below the forecast of 53.1.