Stock Market Today: Dow, S&P 500 & Nasdaq Rally as Trump Delays EU Tariffs
U.S. stocks surge with Dow up 300 points and Nasdaq leading gains after Trump delays EU tariff hike. Follow live updates on market moves, economic data, and key earnings.
U.S. stock markets soared on Tuesday as optimism grew over a potential trade deal between the United States and the European Union, following President Donald Trump’s decision to postpone the implementation of 50% tariffs on EU imports.
The Dow Jones Industrial Average climbed approximately 0.7%, gaining nearly 300 points, while the S&P 500 advanced by 1%. The Nasdaq Composite led the gains, rising 1.3%, buoyed by strong performance in the technology sector. This rebound comes after the market’s closure on Monday for Memorial Day and seeks to recover losses recorded last Friday amid investor relief over easing trade tensions.
On Monday, the European Union agreed to expedite tariff negotiations with the U.S., signaling a de-escalation in the looming transatlantic trade conflict. This followed Trump’s announcement on Sunday that the planned 50% tariff hike, originally set to begin on June 1, would be delayed until July 9 to facilitate faster and more productive discussions.
Also Read: This Week on Wall Street: Trump Tariff Escalation, Nvidia Results, and Fed’s Key Inflation Gauge
Meanwhile, U.S. Treasury yields declined as global bond markets stabilized. The 30-year Treasury yield dropped by nine basis points to near 4.95% before settling just below 4.98%. This decrease was influenced by reports that Japan intends to reduce its bond sales after recent market turbulence pushed government debt yields to multi-decade highs.
Investors are closely monitoring a busy week ahead, with key economic data releases scheduled, including durable goods orders, housing market reports, and consumer confidence indices. Federal Reserve officials are also expected to maintain current interest rate policies, providing further market clarity. Additionally, attention remains on President Trump’s contentious tax bill, which narrowly passed the House last week.
In corporate news, Nvidia (NVDA) shares surged following reports of the company developing a more affordable chip tailored for the Chinese market. Nvidia is poised to report its highly anticipated quarterly earnings on Wednesday. Other notable companies releasing earnings this week include Okta (OKTA), Macy’s (M), and Costco (COST).
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Key Moments
- Trump delays EU tariffs to July 9 for faster talks.
- Dow up 0.7%, S&P 1%, Nasdaq leads with 1.3%.
- EU speeds up trade talks with the U.S.
- 30-year Treasury yield drops to 4.95%.
- Nvidia shares jump before earnings report.
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27 May 2025 10:34 AM
Key Economic Data and Earnings to WatchGood morning. Today’s market focus centers on several important economic reports and corporate earnings. Investors will be closely monitoring the FHFA House Price Index and the S&P CoreLogic 20-City Home Price Index for March to gauge housing market trends. Additionally, May’s Conference Board Consumer Confidence report and preliminary data on April’s Durable and Capital Goods Orders will provide insight into consumer sentiment and business investment. The Dallas Fed Manufacturing Activity index for May will also be released, offering a snapshot of regional manufacturing health.
On the earnings front, AutoZone (AZO), Box (BOX), and Okta (OKTA) are set to announce their quarterly results, which could influence sector performance and broader market sentiment.
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27 May 2025 10:48 AM
Tesla’s Europe Sales Sink 49% in April — But Stock Jumps Over 5%
Tesla’s (NASDAQ: TSLA) vehicle sales in Europe dropped sharply by 49% in April, continuing a four-month decline even as overall electric vehicle demand rose across the continent, according to Reuters.
The slump comes amid growing public criticism of CEO Elon Musk’s political stances, weak interest in the revamped Model Y, and mounting competition from local European and Chinese EV brands. Tesla’s market share in the region dropped to 0.7% last month, down from 1.3% a year earlier, based on data from the European Automobile Manufacturers Association (ACEA).
Despite the negative sales figures, Tesla stock surged. Shares were up $17.34, or +5.11%, trading at $356.68 on the Nasdaq as markets opened, reflecting investor optimism tied to broader U.S. market gains.
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27 May 2025 10:52 AM
Wall Street Rallies as Hopes Rise for EU-US Trade Breakthrough
US stocks surged Tuesday, marking a strong start to the shortened holiday week as optimism around a potential EU-US trade agreement lifted investor sentiment.
The Dow Jones Industrial Average climbed over 400 points, up 1%, while the S&P 500 gained 1.2%. Leading the charge was the Nasdaq Composite, which rallied 1.6%, driven by strength in tech stocks.
The positive momentum followed President Trump's decision to delay a planned 50% tariff hike on EU imports until July 9, fueling hopes for fast-tracked negotiations and a de-escalation in trade tensions. Investors welcomed the development as a sign of possible relief from recent geopolitical and economic uncertainties.
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27 May 2025 10:54 AM
Americans Feel More Confident About the Economy in May as Tariff Fears Ease
Consumer confidence made a strong comeback in May, ending five straight months of declines, as Americans grew more optimistic about the economy and job prospects.
The Conference Board’s Consumer Confidence Index rose to 98, up from 85.7 in April — and well above the 87.1economists had expected. The Expectations Index, which tracks how people feel about the next six months, climbed to 72.8, a big jump from April’s 55.4, which was a 13-year low.
This rebound comes as President Trump delayed a major round of tariffs on Chinese goods — a move that likely boosted consumer sentiment ahead of the May 19 survey deadline. However, ongoing trade tension with the EU and companies like Apple wasn't reflected in this month’s results.
“Confidence was already rising before the US-China deal on May 12, but it picked up more afterward,” said Stephanie Guichard, a senior economist at the Conference Board. She noted that Americans were feeling less negative about the economy, more hopeful about jobs, and more positive about future income.
The strong May reading shows that easing trade worries and signs of economic stability are helping people feel better about what’s ahead.
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27 May 2025 11:03 AM
Trump Media Unveils $2.5 Billion Plan to Build Bitcoin Treasury
Trump Media & Technology Group (DJT) is making headlines after revealing plans to raise $2.5 billion to establish a significant Bitcoin reserve. The funding is supported by around 50 institutional investors and will consist of $1.5 billion in common stock and $1 billion in convertible notes. The deal is expected to finalize around May 29.
Once closed, Trump Media will add Bitcoin to its corporate holdings, which already include $759 million in cash and equivalents from Q1 2025. The move positions the company as a major corporate investor in digital assets, signaling a long-term crypto strategy. Read the Full Story Here
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27 May 2025 12:59 PM
Wall Street Eyes Bond Market After Yield Surge Raises Red Flags
Investors are watching the bond market closely after long-term U.S. Treasury yields spiked last week, triggered by renewed concerns over the nation’s fiscal health and President Trump’s sweeping tax proposal.
The 30-year Treasury yield (^TYX) briefly hit 5.15%, the highest level since 2007, before easing slightly Tuesday as reports suggested Japan may ease its bond issuance. Still, fears persist over what Trump’s tax plan—expected to add $4 trillion to the deficit—could mean for inflation, debt, and future rate expectations.
Economists say the focus is shifting away from the Fed and toward Washington's fiscal choices, with the bond market sending early warning signals.
