{"id":49523,"date":"2025-05-28T04:02:09","date_gmt":"2025-05-28T09:02:09","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-markets-await-nvidia-earnings-and-fomc-minutes-amid-tariff-relief-rally\/49523\/"},"modified":"2025-05-28T04:02:09","modified_gmt":"2025-05-28T09:02:09","slug":"stock-market-today-markets-await-nvidia-earnings-and-fomc-minutes-amid-tariff-relief-rally","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-markets-await-nvidia-earnings-and-fomc-minutes-amid-tariff-relief-rally\/49523\/","title":{"rendered":"Stock Market Today: Markets Await Nvidia Earnings and FOMC Minutes Amid Tariff Relief Rally"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-markets-await-nvidia-earnings-and-fomc-minutes-amid-tariff-relief-rally\/49523\/#Market_Indexes_Stabilize_After_Strong_Tuesday_Rally\" >Market Indexes Stabilize After Strong Tuesday Rally<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-markets-await-nvidia-earnings-and-fomc-minutes-amid-tariff-relief-rally\/49523\/#Nvidia_Earnings_Take_Center_Stage\" >Nvidia Earnings Take Center Stage<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-markets-await-nvidia-earnings-and-fomc-minutes-amid-tariff-relief-rally\/49523\/#FOMC_Minutes_and_Key_Economic_Data\" >FOMC Minutes and Key Economic Data<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-markets-await-nvidia-earnings-and-fomc-minutes-amid-tariff-relief-rally\/49523\/#Major_Stocks_Making_News\" >Major Stocks Making News<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-markets-await-nvidia-earnings-and-fomc-minutes-amid-tariff-relief-rally\/49523\/#Global_Markets_and_Commodities\" >Global Markets and Commodities<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-markets-await-nvidia-earnings-and-fomc-minutes-amid-tariff-relief-rally\/49523\/#Market_Outlook_and_Investor_Sentiment\" >Market Outlook and Investor Sentiment<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Market_Indexes_Stabilize_After_Strong_Tuesday_Rally\"><\/span>Market Indexes Stabilize After Strong Tuesday Rally<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>U.S. stock futures are trading cautiously on Wednesday, May 28, 2025, as investors await two major market catalysts: Nvidia&#8217;s highly anticipated earnings report and the release of the Federal Reserve&#8217;s latest meeting minutes. This follows a strong rally on Tuesday where the <b><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average surged over 700 points (1.8%)<\/b>, the <b><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> climbed 2.05%<\/b>, and the <b>Nasdaq Composite jumped 2.47%<\/b>.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<p>As of early morning trading, Dow futures are down slightly by 28 points (0.07%), while S&#038;P 500 and Nasdaq 100 futures are also marginally lower, dipping 0.07% and 0.03% respectively.<cscitation citation_id=\"task_1__3\"><\/cscitation> This pause comes after markets snapped a four-day losing streak, largely driven by President Donald Trump&#8217;s announcement that he would delay implementing a 50% tariff on European Union imports until July 9, providing temporary relief to global trade concerns.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Nvidia_Earnings_Take_Center_Stage\"><\/span>Nvidia Earnings Take Center Stage<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>All eyes are on Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>), which will report its fiscal first-quarter 2026 earnings after the market closes today. The AI chip giant is expected to post impressive growth, with analysts projecting a <b>66.2% surge in revenue to $43.28 billion<\/b> compared to the same period last year.<cscitation citation_id=\"task_2__2\"><\/cscitation> Earnings per share are forecast to increase to $0.73 from $0.61 a year ago.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<p>Investors will be closely watching several key aspects of Nvidia&#8217;s report:<\/p>\n<p>1. The impact of U.S. export restrictions to China, following Nvidia&#8217;s announcement of a $5.5 billion inventory write-down for its H20 chips in April<br \/>2. Updates on the production ramp-up of its next-generation Blackwell architecture<br \/>3. Forward guidance, with Wall Street eyeing full-year revenue of $198.8 billion for fiscal 2026<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<p>Options traders are pricing in approximately 6% volatility in Nvidia&#8217;s stock following the earnings announcement, implying a potential closing share price between $123 and $140 on Thursday.<cscitation citation_id=\"task_2__1\"><\/cscitation> The results could have broad implications for the entire technology sector and market sentiment.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"FOMC_Minutes_and_Key_Economic_Data\"><\/span>FOMC Minutes and Key Economic Data<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Federal Reserve will release the minutes from its May 6-7 Federal Open Market Committee (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=FOMC\">FOMC<\/a>) meeting today, providing insights into policymakers&#8217; discussions about interest rates, inflation concerns, and economic growth projections.<cscitation citation_id=\"task_3__1\"><\/cscitation> Investors will scrutinize the minutes for any comments regarding the potential impact of tariffs on inflation and economic growth.<\/p>\n<p>Market participants are particularly concerned about the possibility of stagflation\u2014a combination of rising prices, higher unemployment, and slower economic growth\u2014which could create a challenging environment for the Federal Reserve&#8217;s monetary policy decisions.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>Looking ahead to Friday, May 30, the Commerce Department will release the Personal Consumption Expenditure (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PCE\">PCE<\/a>) price index\u2014the Fed&#8217;s preferred inflation gauge\u2014along with consumer spending data for April. Economists expect PCE prices to have risen 2.2% year-over-year in April, which would be the lowest reading since September 2024.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Major_Stocks_Making_News\"><\/span>Major Stocks Making News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Beyond Nvidia, several other notable companies are capturing investors&#8217; attention:<\/p>\n<p>&#8211; **Okta (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=OKTA\">OKTA<\/a>)** shares plunged more than 12% in extended trading after the identity management software company maintained its guidance due to macroeconomic uncertainty, despite beating fiscal first-quarter expectations.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<p>&#8211; **Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>)** surged 6.5% on Tuesday following CEO Elon Musk&#8217;s announcement about refocusing the company&#8217;s efforts.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>&#8211; **Salesforce (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CRM\">CRM<\/a>)**, **Synopsys (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SNPS\">SNPS<\/a>)**, **Veeva Systems (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=VEEV\">VEEV<\/a>)**, **Agilent (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=A\">A<\/a>)**, and **HP Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=HPQ\">HPQ<\/a>)** are all scheduled to report earnings today.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>&#8211; **Dell (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DELL\">DELL<\/a>)**, **Marvell Technology (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MRVL\">MRVL<\/a>)**, and **Zscaler (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ZS\">ZS<\/a>)** will report on Thursday, followed by **Costco (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=COST\">COST<\/a>)** on Friday.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Markets_and_Commodities\"><\/span>Global Markets and Commodities<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Asian markets tracked Wall Street&#8217;s gains overnight, with Japan&#8217;s Nikkei rising 0.6% and South Korea&#8217;s KOSPI climbing 1.1%, boosted by strength in chipmakers ahead of Nvidia&#8217;s earnings report. Hong Kong&#8217;s Hang Seng Index rebounded 0.4% as Chinese industrial profits showed improvement.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>In the commodities space, oil is trading near $65 per barrel, while <a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">gold<\/a> has seen some buying from lower levels after a two-day decline, currently trading around $3,309 an ounce.<cscitation citation_id=\"task_3__1\"><\/cscitation> The U.S. dollar has strengthened, approaching levels of 100 on the dollar index.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook_and_Investor_Sentiment\"><\/span>Market Outlook and Investor Sentiment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Market volatility has receded, with the VIX (volatility index) closing at 18.96 on Tuesday, down 7.8%.<cscitation citation_id=\"task_3__1\"><\/cscitation> However, this could change depending on Nvidia&#8217;s earnings results and the content of the FOMC minutes.<\/p>\n<p>Rich Saperstein, chief investment officer of Treasury Partners, advised investors to &#8220;look past the tariff turmoil&#8221; and focus on the potential benefits of deregulation, onshoring, and tax policies that could create &#8220;a great environment for investing&#8221; post-tariffs. He acknowledged that uncertainty could cause a slowdown in the next two quarters but suggested looking ahead to a more favorable environment in 2026.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<p>As markets navigate through these significant catalysts today, investors should remain vigilant about how Nvidia&#8217;s performance and the Fed&#8217;s commentary might shape market direction in the coming weeks, particularly as concerns about tariffs and their potential impact on inflation and economic growth continue to loom over the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Indexes Stabilize After Strong Tuesday Rally U.S. stock futures are trading cautiously on Wednesday, May 28, 2025, as investors 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