S&P Rally May Be Topping Out, Dan Niles Warns, Amid Demand Pull-In, Economic Uncertainty, And 'Sell The News' Risk

Quick Summary:

What Happened:  Niles, founder of Niles Investment Management, shared on X that the S&P 500, as tracked by SPDR S&P 500 (NYSE:SPY) has rallied 14% from its April 8 lows through May 2, driven by “better than feared guidance during earnings season and hopes of 90 trade deals in 90 days.”

However, he now believes “there is not much upside left to this rally,” noting troubling signs as even strong performers like Amazon.com Inc.(NASDAQ:AMZN) and Apple Inc.(NASDAQ:AAPL) declined on Friday despite beating quarterly expectations.“It would not surprise me if the actual announcements turned into sell the news events,” Niles wrote.

Fund manager Dan Niles suggests the recent stock market rally may be running out of steam as pull-forward demand artificially boosted first-quarter results and economic uncertainties mount.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Tanya Rawat

Category: Technology

Markets: United States

Topics: SPY US0231351067 Niles Investment Management MSFT Benzinga neuro Benzinga US78462F1030 Tech Opinion Markets NVDA US0378331005 US67066G1040 AMZN News Dan Niles Equities Analyst Ratings US5949181045 AAPL

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-05 @ 10:18:13 (1 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 510 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 28395284

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 17 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions