Stock Market Update Wednesday May 28, 2025
- AlgoTradeAlert
- May 28
- 3 min read
Stock Market Update Wednesday May 28, 2025 Equities pulled back slightly on Wednesday, giving back a portion of Tuesday’s sharp gains. The release of the May FOMC meeting minutes had little market impact, as it offered no major surprises or shifts in policy tone. However, sentiment took a hit midday after reports surfaced that the U.S. may impose new restrictions on chip design exports to China—a headline that weighed particularly on the tech sector. After the close, Nvidia ($NVDA) reported earnings that beat both revenue and EPS expectations. The stock rose about +5% in after-hours trading, with investor attention now shifting to the upcoming conference call, which could have broader implications for the AI narrative and semiconductor space.
On the day, the S&P 500 (SPX) declined by 0.6%, the Nasdaq 100 (QQQ) fell 0.5%, and the small-cap Russell 2000 (IWM) lagged with a 1.0% drop.
Away From Stocks: the 10-year Treasury yield ticked higher to 4.48%, reflecting mild upward pressure on rates. The U.S. dollar extended its recent rally, with the Dollar Index (DXY) approaching the psychologically important 100 level. In commodities, crude oil prices advanced modestly, while gold slipped slightly as risk sentiment remained mixed.
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