Indexes end down after chip designers ease late; Nvidia jumps after the bell
Wed May 28, 2025 5:26 PM
The bad news outweighed the good news today sending all three indexes on a steady downward trajectory with all three losing more that ½% of their value, the Dow down 3-digits, the Nasdaq just a couple points shy of 3-digits. One trigger was the Fed issuing its minutes which, though containing nothing they haven’t been saying all along, still disappointed investors hoping for positive news. But likely the biggest trigger was Trump ordering U.S. tech companies to stop selling their product to China, causing losses in certain tech companies.
There was also a new forecast today from Wall Street analysts who had previously estimated a certain amount of growth in the S&P by year-end, but today saying that they expect no further growth this year in the S&P. The good news is that today’s losses were a fraction of yesterday’s gains. The better news is that the impact of Trump’s order appears possibly to be a one-day wonder as the tech companies were already surging back after the bell. Volume came in at 15.6 billion, still well below the average of 17.7 billion.
DJ: 42,343.65 +740.58 NAS: 19,199.16
+461.96 S&P: 5,921.54
+118.72 5/27
DJ: 42,098.70 -244.95 NAS: 19,100.94
-98.23 S&P: 5,888.55
-32.99 5/28
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