{"id":49524,"date":"2025-05-28T06:02:01","date_gmt":"2025-05-28T11:02:01","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-markets-cautious-ahead-of-nvidia-earnings-and-fomc-minutes\/49524\/"},"modified":"2025-05-28T06:02:01","modified_gmt":"2025-05-28T11:02:01","slug":"stock-market-today-markets-cautious-ahead-of-nvidia-earnings-and-fomc-minutes","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-markets-cautious-ahead-of-nvidia-earnings-and-fomc-minutes\/49524\/","title":{"rendered":"Stock Market Today: Markets Cautious Ahead of Nvidia Earnings and FOMC Minutes"},"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-cautious-ahead-of-nvidia-earnings-and-fomc-minutes\/49524\/#Major_Indexes_Hold_Steady_After_Tuesdays_Rally\" >Major Indexes Hold Steady After Tuesday&#8217;s 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-cautious-ahead-of-nvidia-earnings-and-fomc-minutes\/49524\/#Tariff_Relief_Provides_Temporary_Market_Boost\" >Tariff Relief Provides Temporary Market Boost<\/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-cautious-ahead-of-nvidia-earnings-and-fomc-minutes\/49524\/#All_Eyes_on_Nvidias_Earnings_Report\" >All Eyes on Nvidia&#8217;s Earnings Report<\/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-cautious-ahead-of-nvidia-earnings-and-fomc-minutes\/49524\/#FOMC_Minutes_and_Economic_Data_in_Focus\" >FOMC Minutes and Economic Data in Focus<\/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-cautious-ahead-of-nvidia-earnings-and-fomc-minutes\/49524\/#Other_Major_Stocks_Making_Headlines\" >Other Major Stocks Making Headlines<\/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-cautious-ahead-of-nvidia-earnings-and-fomc-minutes\/49524\/#Looking_Ahead_Market_Outlook_and_Key_Events\" >Looking Ahead: Market Outlook and Key Events<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Hold_Steady_After_Tuesdays_Rally\"><\/span>Major Indexes Hold Steady After Tuesday&#8217;s Rally<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>U.S. stock markets are showing caution on Wednesday, May 28, 2025, as investors await two critical market catalysts: Nvidia&#8217;s highly anticipated earnings report and the release of the Federal Reserve&#8217;s latest meeting minutes. This follows Tuesday&#8217;s strong performance where the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average surged over 700 points, breaking a four-day losing streak after President Donald Trump announced an extension on European Union tariff deadlines.<\/p>\n<p>As of mid-morning trading, the Dow Jones Industrial Average is down approximately 70 points (0.18%), while the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> has dipped 0.16% and the Nasdaq Composite is trading 0.15% lower.<cscitation citation_id=\"task_1__3\"><\/cscitation> The modest pullback comes as investors take a breather following yesterday&#8217;s rally and position themselves ahead of today&#8217;s key events.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tariff_Relief_Provides_Temporary_Market_Boost\"><\/span>Tariff Relief Provides Temporary Market Boost<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Markets received a significant boost earlier this week when President Trump announced he would delay implementing a 50% tariff on European Union imports until July 9. This decision came following a request from European Commission President Ursula von der Leyen, pushing back the previously announced June 1 deadline.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>&#8220;While the delay in EU tariffs has provided a short-term boost to futures markets, underlying concerns about trade relations and upcoming economic indicators continue to weigh on investor sentiment,&#8221; noted Naeem Aslam, investing chief at Zaye Capital Markets.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>The tariff extension has temporarily eased market tensions, but analysts warn that the underlying trade issues remain unresolved. According to analysis from The Budget Lab at Yale, the proposed 50% tariff could raise the average effective U.S. tariff rate to 21.9%, potentially dampening U.S. GDP growth by 0.2 percentage points in 2025 and driving up consumer prices in sectors like apparel and footwear.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"All_Eyes_on_Nvidias_Earnings_Report\"><\/span>All Eyes on Nvidia&#8217;s Earnings Report<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><b>Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>)<\/b> will release its fiscal first-quarter results after today&#8217;s market close, marking one of the most closely watched earnings reports of the season. The chip giant&#8217;s performance has significant implications for the broader market, as it makes up about 6.5% of the Nasdaq 100 and 5.5% of the S&#038;P 500.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<p>Analysts expect Nvidia to report adjusted earnings per share of $0.73, up from $0.61 a year ago, with revenue projected to climb more than 66% to $43.28 billion.<cscitation citation_id=\"task_2__2\"><\/cscitation> Investors will be particularly focused on two key issues: the impact of U.S. export restrictions on the company&#8217;s H20 chip sales to China, and the production ramp-up of its cutting-edge Blackwell architecture.<\/p>\n<p>Last month, Nvidia announced a $5.5 billion charge related to inventory and purchase commitments for its H20 chip following export restrictions imposed by the Trump administration. This has led some analysts to warn that Q2 guidance could be &#8220;messy,&#8221; with Bank of America suggesting revenue guidance could be as low as $41 billion, below the consensus of approximately $46 billion.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<p>Despite these near-term challenges, most analysts remain bullish on Nvidia&#8217;s long-term prospects. According to TipRanks, NVDA stock has a Strong Buy consensus rating based on 34 Buys, four Holds, and one Sell assigned in the last three months, with an average price target of $164.51, implying a 25.3% upside potential.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"FOMC_Minutes_and_Economic_Data_in_Focus\"><\/span>FOMC Minutes and Economic Data in Focus<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Federal Reserve will release the minutes from its May 6-7 meeting at 2:00 PM EDT today, providing investors with detailed insights into the central bank&#8217;s discussions on monetary policy, interest rates, and economic outlook.<cscitation citation_id=\"task_3__1\"><\/cscitation> While no significant market reaction is anticipated, traders will be looking for clues about the Fed&#8217;s stance on inflation and potential rate cuts.<\/p>\n<p>New York Fed President John Williams recently indicated that policymakers may keep interest rates unchanged through July as they seek to better understand the economic effects of President Trump&#8217;s trade policy shifts. Currently, U.S. rate futures have priced in a 97.9% chance of no rate change and just a 2.1% chance of a 25 basis point rate cut at the June FOMC meeting.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>In addition to the FOMC minutes, investors are digesting Tuesday&#8217;s economic data releases. The Conference Board&#8217;s Consumer Confidence Index for May 2025 showed a rebound after April&#8217;s sharp decline to 86.0, which had been the lowest reading since May 2020.<cscitation citation_id=\"task_3__1\"><\/cscitation> Durable Goods Orders for April also came in strong, showing a 7.5% increase month-over-month, reflecting ongoing strength in transportation equipment orders and renewed business investment.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_Major_Stocks_Making_Headlines\"><\/span>Other Major Stocks Making Headlines<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>While Nvidia dominates today&#8217;s market narrative, several other major companies are also in focus:<\/p>\n<p><b>Salesforce (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=CRM\">CRM<\/a>)<\/b> will report its fiscal first-quarter results today, with Wall Street anticipating EPS of $2.54, up 4.1% year-over-year, and revenue of $9.74 billion, a 6.6% increase. The cloud-based CRM giant has gained momentum with its AI-powered Agentforce platform, and analysts remain optimistic about its ability to harness AI for sustained growth.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p><b>Macy&#8217;s (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=M\">M<\/a>)<\/b> is set to release its earnings report today, with investors looking for insights into consumer spending patterns amid ongoing economic uncertainties and inflation concerns. The retailer&#8217;s performance could provide valuable indicators about the health of the retail sector and consumer confidence.<\/p>\n<p><b>Tesla (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TSLA\">TSLA<\/a>)<\/b> shares have gained 6.94% in recent trading, making it one of the most active stocks on the <a href=\"https:\/\/stockmarketwatch.com\/live\/stock-market-today\" data-internallinksmanager029f6b8e52c=\"6\" title=\"Stock Market Today\">market today<\/a>.<cscitation citation_id=\"task_1__2\"><\/cscitation> The electric vehicle manufacturer continues to attract investor attention despite ongoing volatility in the tech sector.<\/p>\n<p><b>Trump Media &#038; Technology Group (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DJT\">DJT<\/a>)<\/b> has seen its stock decline by 10.38%, placing it among the day&#8217;s biggest losers.<cscitation citation_id=\"task_1__2\"><\/cscitation> The company, which operates the Truth Social platform, has experienced significant volatility since its public debut.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Looking_Ahead_Market_Outlook_and_Key_Events\"><\/span>Looking Ahead: Market Outlook and Key Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As the week progresses, investors will continue to monitor several key events that could impact market direction:<\/p>\n<p>1. The second preliminary estimate of U.S. GDP for the first quarter of 2025 will be released tomorrow (May 29), with projections suggesting a 0.3% year-over-year contraction.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>2. Friday, May 30, will bring the release of the U.S. Core Personal Consumption Expenditures (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PCE\">PCE<\/a>) index, the Federal Reserve&#8217;s preferred inflation gauge. This data point could significantly influence expectations for future monetary policy decisions.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>3. <b>Marvell Technology (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MRVL\">MRVL<\/a>)<\/b> will report its first-quarter results tomorrow, with analysts forecasting EPS of $0.61 (up 154% year-over-year) and revenue of $1.88 billion (up 62%), driven by AI tailwinds.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>4. <b>Costco (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=COST\">COST<\/a>)<\/b> is also scheduled to report earnings later this week, providing another window into consumer spending habits and retail sector health.<\/p>\n<p>With trading volumes potentially lower following the Memorial Day holiday, market volatility could be heightened. Investors should remain vigilant about inflation signals, Fed policy direction, and tech sector performance, as this week&#8217;s developments could establish market trends heading into the summer months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Hold Steady After Tuesday&#8217;s Rally U.S. stock markets are showing caution on Wednesday, May 28, 2025, as investors 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