{"id":49529,"date":"2025-05-28T17:49:53","date_gmt":"2025-05-28T22:49:53","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/stock-market-today-markets-close-lower-as-investors-await-nvidia-earnings\/49529\/"},"modified":"2025-05-28T17:49:53","modified_gmt":"2025-05-28T22:49:53","slug":"stock-market-today-markets-close-lower-as-investors-await-nvidia-earnings","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/stock-market-today-markets-close-lower-as-investors-await-nvidia-earnings\/49529\/","title":{"rendered":"Stock Market Today: Markets Close Lower as Investors Await Nvidia Earnings"},"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-close-lower-as-investors-await-nvidia-earnings\/49529\/#Major_Indexes_Retreat_After_Tuesdays_Rally\" >Major Indexes Retreat 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-close-lower-as-investors-await-nvidia-earnings\/49529\/#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-close-lower-as-investors-await-nvidia-earnings\/49529\/#Other_Corporate_News\" >Other Corporate News<\/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-close-lower-as-investors-await-nvidia-earnings\/49529\/#Fed_Minutes_Reveal_Concerns_About_Stagflation\" >Fed Minutes Reveal Concerns About Stagflation<\/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-close-lower-as-investors-await-nvidia-earnings\/49529\/#Upcoming_Market_Events\" >Upcoming Market Events<\/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-close-lower-as-investors-await-nvidia-earnings\/49529\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Retreat_After_Tuesdays_Rally\"><\/span>Major Indexes Retreat After Tuesday&#8217;s Rally<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>U.S. stock markets closed lower on Wednesday, May 28, 2025, as investors awaited highly anticipated earnings from artificial intelligence chip giant Nvidia. The broad <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> index fell 0.6% to close at 5,888.55, while the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average dropped 244.95 points, or 0.6%, to settle at 42,098.70. The tech-heavy Nasdaq Composite declined 0.5% to end at 19,100.94.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>Today&#8217;s pullback follows Tuesday&#8217;s strong rally when the Dow jumped more than 700 points after President Donald Trump announced a delay in implementing 50% tariffs on European Union imports until July 9.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/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>After the closing bell, Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) reported its first-quarter results, which were closely watched as a barometer for the ongoing AI boom. The chipmaker reported revenue of $44.1 billion, beating analyst estimates of $43.3 billion, and adjusted earnings per share of $0.96, exceeding the expected $0.93.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>However, the company highlighted significant challenges related to U.S. export restrictions, noting an $8 billion expected revenue impact in the second quarter from the Trump administration&#8217;s ban on sales of its H20 AI chips to China. This follows a $2.5 billion revenue hit in the first quarter.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<p>&#8220;The $50 billion China market is effectively closed to US industry,&#8221; Nvidia CEO Jensen Huang stated. &#8220;The H20 export ban ended our Hopper data center business in China. We cannot reduce Hopper further to comply.&#8221;<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>Nvidia shares rose approximately 4% in after-hours trading following the report.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Other_Corporate_News\"><\/span>Other Corporate News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several other companies made headlines on Wednesday:<\/p>\n<p>&#8211; Identity management software company Okta (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=OKTA\">OKTA<\/a>) plunged more than 16% despite topping analysts&#8217; estimates, as the company noted increasing customer caution.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8211; Abercrombie &#038; Fitch (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ANF\">ANF<\/a>) shares surged nearly 15% after the retailer beat earnings expectations.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8211; Dick&#8217;s Sporting Goods (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DKS\">DKS<\/a>) gained 1.6% after beating estimates and maintaining its full-year forecast.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8211; Macy&#8217;s (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=M\">M<\/a>) closed 0.5% lower after trimming its full-year earnings guidance, citing tariff uncertainties despite reporting a smaller-than-expected sales decline.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8211; GameStop (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=GME\">GME<\/a>) dropped 11% after disclosing in a filing that it had purchased 4,710 bitcoins worth approximately $513 million.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Fed_Minutes_Reveal_Concerns_About_Stagflation\"><\/span>Fed Minutes Reveal Concerns About Stagflation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Federal Reserve released minutes from its May 6-7 meeting on Wednesday, revealing that policymakers acknowledged &#8220;difficult tradeoffs&#8221; in the months ahead. The central bank recognized that Washington policies were likely to increase both inflation and unemployment, with staff projections pointing to elevated recession risks.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>These concerns support the view that the Fed will likely keep interest rates unchanged until December, when a potential cut is anticipated.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events\"><\/span>Upcoming Market Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors should watch for several key economic events in the coming days:<\/p>\n<p>&#8211; Thursday, May 29: Weekly unemployment claims data and pending home sales will be released. South Korea&#8217;s central bank is expected to announce an interest rate decision.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>&#8211; Friday, May 30: The U.S. will release the Core PCE Price Index, the Fed&#8217;s preferred inflation gauge, along with personal income and spending data. Japan will publish Tokyo CPI, unemployment rate, and industrial production figures.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>&#8211; Saturday, May 31: China will release its National Bureau of Statistics PMI data, which will help assess the impact of U.S. tariffs on the Chinese economy.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook\"><\/span>Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The market&#8217;s focus remains on inflation concerns and the potential economic impact of tariffs. According to recent data, U.S. consumer confidence rebounded in May as Americans reacted to Trump thawing trade tensions with China earlier in the month.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>Nations are now racing to cut deals with the Trump administration to avoid planned U.S. tariff hikes, with India reportedly the latest to offer to lower its own tariffs on some American products.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>As Rich Saperstein, chief investment officer of Treasury Partners, noted on CNBC: &#8220;It&#8217;s important for investors to look past the tariff turmoil and look at the environment where we&#8217;ll have deregulation, more onshoring&#8230; The environment post-tariffs will be a great environment for investing.&#8221;<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<p>However, he cautioned that &#8220;in between that, we have uncertainty, which could cause a slowdown in the next two quarters.&#8221;<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Retreat After Tuesday&#8217;s Rally U.S. stock markets closed lower on Wednesday, May 28, 2025, as investors awaited highly 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