Stocks may snap longest winning streak in 20 years as futures dip while OPEC+ crushes oil prices

• Stock futures Taught a slightly lower week night, with the S&P 500 signing that the longest winning streak in 20 years could be completed. That was despite President Donald Trump indicating a willingness to lower the tariffs in China. Crude oil prices have fallen after OPEC+ will expand the production.

Futures of the US stock market sank on Sunday night, putting the risk of winning S&P 500 after a wide market index that captured the losses that had been touched by President Donald Trump's “Liberation Day” tariffs.

Futures for the average industry of Dow Jones slipped 121 points, or 0.29%. The futures for the S&P 500 lost 0.35%, and the futures of the NASDAQ had lifted 0.33%.

On Friday, the S&P 500 was advanced for the ninth consecutive sessions, marked the longest stretch of the gains in 20 years and returned it to where it was on April 2, when Trump opened so -called rewarding tariffs on trading partners around the world.

Steeper-than-expectations have triggered a massive sale in US stocks, bonds and dollars. But since then, Trump and his administration have provided delays and exceptions while also indicating that some trade deals are near.

In an interview released on Sunday, Trump said he was willing to lower his forbidden high -tariffs in China, which also rewarded similar steep duties.

“At some point, I'll lower them, because otherwise you can't do business with them, and they want to do business so much,” Trump told NBC's Identify the press.

Meanwhile, crude oil prices in the US dropped by 3.6% to $ 56.19 per barrel on Sunday, close to the levels that the Shale sector warned that the industry was crushed.

That was after OPEC+ went on Saturday to add 411,000 barrels a day next month, following a similar increase last month.

Analysts said Saudi Arabia, OPEC swing manufacturer and De facto leader, failed with other members pumping beyond their quotas and aimed at implementing more discipline by sending crude prices less, which Riyadh could endure than other producers.

Meanwhile, Treasury's 10-year harvest ended 1.2 points basis on 4.308% leading the Federal Reserve policy meeting this coming week.

The Central Bank is not expected to adjust benchmark rates, especially after the work report on Friday is stronger than expected. Fed officials also indicate that they are waiting to see how tariffs affect.

While Trump repeatedly called Fed Chair Jerome Powell to lower the rates and said his termination “could not come soon,” the President told the NBC that he did not plan to burn him, saying he would still be named.

This story was originally featured on Fortune.com