On Tuesday, May 7th, U.S. stock markets closed mixed, with the S&P 500 and Dow Jones Industrial Average ending slightly higher, extending their winning streaks on expectations of upcoming Federal Reserve rate cuts. In economic data, the Logistics Manager’s Index dropped to 52.9 in April, down from 58.3 in March. Most S&P 500 sectors closed higher, led by gains in materials, utilities, and consumer staples, although consumer discretionary and information technology stocks ended the session lower. The Dow Jones Industrial Average was up 0.08% and closed at 38,884.26. The S&P 500 gained 0.13%, ending the day at 5,187.70, while the Nasdaq Composite declined 0.10%, finishing the session at 16,332.55.  Asian Markets Today On Wednesday, Japan’s Nikkei 225 declined 1.54%, ending ...