Market Snapshot for Tuesday 5/27/2025
- S&P 500 – 5,921.54 (+2.05%)
- Dow Jones Industrial Average – 42,343.65 (+1.78%)
- NASDAQ – 19,199.16 (+2.47%)
Market Performance
Tariff concerns may have sunk the market last Friday, but their delay helped stocks surge on Tuesday. On Monday, the EU agreed to accelerate tariff negotiations with the United States. The Dow Jones closed up about 1.8%, the benchmark S&P 500 soared almost 2.1% higher and the tech heavy NASDAQ gained nearly 2.5%.
Economic Takeaways –
- The dollar index (DXY00) on Tuesday rose by +0.59% supported by temporary relief over trade tensions.
- The 30-year Treasury yield retreated Tuesday to around 4.94% following news that Japanese authorities may adjust debt sales following a market rout. Solid demand for a $69 billion sale of two-year Treasuries added to the advance in the US.
Gold –
- Gold prices fell on Tuesday after US president Donald Trump delayed raising tariffs on the EU, easing concerns about trade tensions.
Oil –
- Oil prices generally declined due to concerns about a potential supply glut, specifically with expectations that OPEC+ will increase output at an upcoming meeting. Specifically, WTI fell around 1% to $60.89 per barrel, while Brent crude closed down 1% at $64.09 per barrel.
Bitcoin –
- The bitcoin market initially fell during the trading session on Tuesday but turned around to show signs of life again. The coin is hovering around the $109,000 mark.
- Trump Media & Technology Group (DJT) announced Tuesday that it plans to raise $2.5 billion to invest in Bitcoin, aiming to establish one of the largest cryptocurrency treasuries among publicly traded companies.
- Renown trader and technical analyst Chris Vermeulen has predicted that Bitcoin, one of the leading cryptocurrencies by market cap, could rally to as high as $135,000 in June.
Progress with Europe
On Monday, the EU agreed to accelerate tariff negotiations with the United States, helping to ease fears of a trans-Atlantic trade war. The decision came after former President Trump announced on Sunday that the U.S. would postpone a planned increase to a 50% tariff on all EU goods—from June 1 to July 9—to allow more time for talks.
“I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension on the June 1st deadline on the 50% Tariff with respect to Trade and the European Union,” Trump wrote on Truth Social. “I agreed to the extension — July 9, 2025 — It was my privilege to do so,” Trump added.
Ursula Von der Leyen, president of the European Commission, said that she needed until July 9 to “reach a good deal.” “The EU and US share the world’s most consequential and close trade relationship,” she wrote on X. “Europe is ready to advance talks swiftly and decisively,” she continued.
Consumer Confidence Got a Lift in May
Consumer confidence in the U.S. surged in May, snapping a five-month decline, as optimism returned following a temporary de-escalation in trade tensions between the U.S. and China. While concerns remain over rising prices and the broader economic impact of tariffs, the pause in hostilities boosted overall sentiment.
Data released Tuesday by the Conference Board showed that the consumer confidence index jumped 12.3 points to 98, far exceeding the 87 expected by economists surveyed by Reuters.
Roughly half of the survey responses were gathered after May 12, the date when the Trump administration and China agreed to a 90-day tariff reduction. As part of the agreement, U.S. tariffs on Chinese goods fell from 145% to 30%, while China cut its tariffs from 125% to 20%.
“The rebound had already begun prior to the May 12 trade agreement but accelerated in its aftermath,” said Stephanie Guichard, senior economist for global indicators at the Conference Board. “The gains were primarily driven by consumer expectations, with all three components of the Expectations Index—future business conditions, employment outlook, and income prospects—rising from their April lows.”
Guichard noted that consumers were less pessimistic about business conditions and job opportunities in the coming six months and had renewed confidence in future income. Their views on current conditions also improved.
However, she cautioned that despite greater optimism about current business conditions compared to April, consumers’ perceptions of current job availability declined for the fifth consecutive month.
Top Gainers
Several stocks experienced significant gains. Some of the top gainers included:
- Tonix Pharmaceuticals (TNXP) soared 27.86%
- Pony AI, Inc. (PONY) moved higher by 22.63%
- ATS Corporation (ATS) exploded 19.84%
- WeRide, Inc. (WRD) surged 18.22%
- NuScale Power Corp. (SMR) rose 17.46%
- SoundHound AI, Inc. (SOUN) moved up 16.08%
- Hologic, Inc. (HOLX) jumped 14.54 %
- Wayfair, Inc. (W) spiked 13.37%
- Rocket Lab USA, Inc. (RKLGB) moved up 13.14%
- F. Corp. (VFC) surged 12.92%
Top Losers
The top US stock losers today, based on percentage change included:
- Champion Homes, Inc. (SKY) moved lower 16.39%
- PDD Holdings, Inc. (PDD) moved lower 13.64%
- Fair Isaac Corp. (FICO) sank 11.26%
- Regencell Biosciences (RGC) fell 10.42%
- Trump Media & Technology (DJT) moved down 10.38%
- Harmony Gold Mining (HMY) moved lower 8.78%
- Merus N.V. (MRUS) sank 7.87%
- Tal Education Group (TAL) dragged 7.46%
- Freedom Holding Corp. (FRHC) moved down 7.33%
- Revolution Medicines, Inc. (RVMD) slumped 7.03%
Notables
- Tesla (TSLA) rose 6% after CEO Elon Musk pledged to devote more time to Tesla and his other ventures, boosting investor confidence.
- Palantir (PLTR) gained 3%, fueled by optimism around AI and its strong position in securing government contracts. The stock is up over 63% year to date.
- Apple (AAPL) rebounded slightly after eight straight losing sessions—its longest slump since January 2022. Despite being down over 20% this year, the company plans to launch a dedicated gaming app to bolster its position in the video game market.
- Informatica (INFA) surged 6.3% pre-market on reports that Salesforce (CRM) is acquiring the company for approximately $8 billion, according to Reuters.
- Newmont (NEM) slipped 2.4% in early trading, tracking a decline in gold prices.
- Boeing (BA) moved higher following a Barron’s report that the U.S. DOJ reached a non-prosecution agreement over the 737 MAX crashes.
- Deckers Outdoor (DECK) rebounded after a nearly 20% drop last Friday. Investors reacted to weaker-than-expected Q1 guidance and the company’s decision not to issue full-year forecasts due to “macroeconomic uncertainty.”
- General Mills (GIS) announced it will take a $70 million charge this quarter, largely tied to severance costs as part of its restructuring plan.
- Chevron (CVX) received limited authorization from the Trump administration to retain its assets in Venezuela.
- General Motors (GM) revealed an $888 million investment to support engine production at its New York facility.
- Okta (OKTA) shares plunged despite a strong Q1 report, as its guidance disappointed investors.
- Box (BOX) rose after the company raised its full-year outlook.
- Motorola Solutions (MSI) announced it will acquire Silvus Technologies for $4.4 billion.
What to Watch Ahead
Wednesday: Expected earnings from Nvidia (NVDA), Salesforce (CRM), HP (HPQ), Dick’s Sporting Goods (DKS), Abercrombie & Fitch (ANF), and Macy’s (M).
Thursday: The Q1 GDP second estimate will be out and earnings from Best Buy (BBY), Foot Locker (FL), Kohl’s (KSS), Costco (COST), Dell (DELL), Marvell Technology (MRLV), Ulta Beauty (ULTA), and Gap (GAP).
Friday: April PCE prices, April Core PCE prices, and the May University of Michigan Consumer Sentiment- Final.
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