US Stocks See Mixed Performance as Nvidia Earnings and Tariff Ruling Impact Market

As of May 29, 2025, the US stock market is experiencing a mixed day with several key factors influencing the direction.The Dow Jones Industrial Average is slightly down, falling by about 30 points, while the Nasdaq Composite is surging, driven largely by strong earnings results from Nvidia. The S&P 500 is also seeing a positive movement, though the exact figures are not as pronounced as the Nasdaq's.Today's market direction is significantly influenced by two major events: the strong earnings report from Nvidia, which has boosted the tech sector, and a federal court ruling that voided many of the tariffs imposed by President Donald Trump. This ruling has eased some of the trade policy uncertainty that has been affecting the markets.In terms of sector performance, the tech sector is one of the top gainers, thanks to Nvidia's strong results. On the other hand, sectors such as utilities and consumer discretionary stocks have been under pressure.Among the most actively traded stocks, Nvidia is a standout with its significant gains. HP Inc. shares are down by about 8 percent following a disappointing quarterly report, while Marvell Technology shares are up by around 5 percent after reporting positive earnings. Best Buy shares are down by 3 percent due to a cut in their outlook, partly attributed to the expected impact of tariffs.In market highlights, Bitcoin is trading at around $108,600, up from its overnight low of $106,800. The yield on the ten-year Treasury note is holding steady at 4.48 percent.Looking forward, pre-market futures for the Dow Jones Industrial Average were up by about 0.3 percent earlier in the day. Key events to watch for tomorrow include further reactions to the court ruling on tariffs and any additional earnings releases. Potential market catalysts include ongoing developments in trade policy and the impact of the recent Fed minutes, which had a downbeat effect on investor mood in the previous session.Important upcoming earnings releases will continue to be a focus for investors, as will any new economic data releases that could influence borrowing costs and overall market sentiment.This content was created in partnership and with the help of Artificial Intelligence AI