{"id":62467,"date":"2026-05-28T16:07:27","date_gmt":"2026-05-28T20:07:27","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-edge-higher-as-investors-parse-gdp-data-and-await-retail-giants-results\/62467\/"},"modified":"2026-05-28T16:07:27","modified_gmt":"2026-05-28T20:07:27","slug":"markets-edge-higher-as-investors-parse-gdp-data-and-await-retail-giants-results","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/markets-edge-higher-as-investors-parse-gdp-data-and-await-retail-giants-results\/62467\/","title":{"rendered":"Markets Edge Higher as Investors Parse GDP Data and Await Retail Giants&#8217; Results"},"content":{"rendered":"<p>The U.S. stock market concluded Thursday\u2019s session with modest gains as investors balanced a revised look at domestic economic growth against a heavy slate of corporate earnings. Market participants remained cautious but optimistic, keeping the major averages in positive territory as the focus shifts toward critical inflation data due at the end of the week.<\/p>\n<h2>Index Performance and Market Breadth<\/h2>\n<p>At the closing bell on Thursday, May 28th, 2026, the major market indexes showed resilience despite a lack of aggressive buying. The State Street SPDR <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average ETF Trust (<a href=\"\/stock\/DIA\">DIA<\/a>) led the way among the majors, rising 0.1%. The broader market, represented by the State Street SPDR <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> ETF Trust (<a href=\"\/stock\/SPY\">SPY<\/a>), followed closely with a gain of 0.08%. The tech-heavy Invesco QQQ Trust, Series 1 (<a href=\"\/stock\/QQQ\">QQQ<\/a>) managed a 0.04% advance, while small-caps, tracked by the iShares Russell 2000 ETF (<a href=\"\/stock\/IWM\">IWM<\/a>), edged up 0.02%.<\/p>\n<p>Sector performance was mixed but notably led by the Global X Uranium ETF (<a href=\"\/stock\/URA\">URA<\/a>), which surged 0.93% as energy independence and next-generation nuclear projects continue to capture investor interest in 2026. The State Street Technology Select Sector SPDR ETF (<a href=\"\/stock\/XLK\">XLK<\/a>) also outperformed with a 0.14% rise. Conversely, the crypto-linked assets saw some cooling, with the iShares Ethereum Trust ETF (<a href=\"\/stock\/ETHA\">ETHA<\/a>) sliding 0.32%.<\/p>\n<h2>Economic Data and Policy Outlook<\/h2>\n<p>The primary economic catalyst for the day was the second estimate of first-quarter Gross Domestic Product (GDP). The data suggested the economy is growing at a sustainable, albeit slightly moderating, pace. This &quot;Goldilocks&quot; scenario\u2014neither too hot to spike inflation nor too cold to signal recession\u2014has provided a supportive backdrop for equities. Additionally, weekly initial jobless claims remained consistent with a stable labor market.<\/p>\n<p>Investors are now looking ahead to tomorrow\u2019s Personal Consumption Expenditures (PCE) price index. As the Federal Reserve&#39;s preferred inflation gauge, the PCE release will be instrumental in determining the timing of any potential interest rate adjustments in the second half of 2026.<\/p>\n<h2>Corporate News and Tech Volatility<\/h2>\n<p>In the technology sector, high-flyers saw some profit-taking during the regular session. Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>) dipped 0.6% on high volume, while Microsoft (<a href=\"\/stock\/MSFT\">MSFT<\/a>) saw a marginal decline of 0.1%. Micron Technology, Inc. (<a href=\"\/stock\/MU\">MU<\/a>) and Marvell Technology, Inc. (<a href=\"\/stock\/MRVL\">MRVL<\/a>) both retreated 0.4% as the semiconductor space took a breather following recent rallies.<\/p>\n<p>Retail was a major theme today. Best Buy Company, Inc. (<a href=\"\/stock\/BBY\">BBY<\/a>) and Dollar Tree Inc. (<a href=\"\/stock\/DLTR\">DLTR<\/a>) both reported results before the opening bell, highlighting a bifurcated consumer environment where value remains a top priority. Other notable morning movers included Burlington Stores, Inc. (<a href=\"\/stock\/BURL\">BURL<\/a>) and Hormel Foods Corporation (<a href=\"\/stock\/HRL\">HRL<\/a>). In the electric vehicle space, Chinese manufacturers Li Auto Inc. (<a href=\"\/stock\/LI\">LI<\/a>) and XPeng Inc. (<a href=\"\/stock\/XPEV\">XPEV<\/a>) remained in focus following their quarterly updates.<\/p>\n<p>Among the smaller names, SciSparc Ltd. (<a href=\"\/stock\/SPRC\">SPRC<\/a>) witnessed an extraordinary move, skyrocketing 200.9% on massive speculative volume. Conversely, Hoth Therapeutics, Inc. (<a href=\"\/stock\/HOTH\">HOTH<\/a>) fell 33.8% despite seeing unusual trading activity.<\/p>\n<h2>Earnings After the Close<\/h2>\n<p>As the 4:00 PM ET bell rang, attention immediately shifted to the after-hours market, where several heavyweights were scheduled to report. Costco Wholesale Corp (<a href=\"\/stock\/COST\">COST<\/a>) is the highlight for the retail sector, with investors eager to see if the warehouse giant\u2019s membership growth remains robust.<\/p>\n<p>In the enterprise tech space, Dell Technologies Inc. (<a href=\"\/stock\/DELL\">DELL<\/a>) is expected to provide further clarity on the demand for AI-optimized servers. Other significant reports hitting the wires after the close include Autodesk Inc (<a href=\"\/stock\/ADSK\">ADSK<\/a>), NetApp, Inc (<a href=\"\/stock\/NTAP\">NTAP<\/a>), MongoDB, Inc. (<a href=\"\/stock\/MDB\">MDB<\/a>), and Okta, Inc. (<a href=\"\/stock\/OKTA\">OKTA<\/a>). These results will likely set the tone for Friday\u2019s opening as the market closes out a busy week of trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. stock market concluded Thursday\u2019s session with modest gains as investors balanced a revised look at domestic economic growth 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