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Nasdaq, stocks push higher after Nvidia results, tariff ruling
  • Investing

Nasdaq, stocks push higher after Nvidia results, tariff ruling

  • May 29, 2025
  • Roubens Andy King
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00:00 Speaker A

Take a look at the Dow Jones Industrial Average. It's up right now by about two tenths of a percent. The Nasdaq Composite, you're seeing that open up higher by about 1.4%. We'll dive into what's driving that here, Nvidia. Uh, S&P 500, you're also seeing that higher by about eight tenths of a percent. All of the major averages also seeing a little bit of a boost coming off of the uh Federal Trade Court ruling that the tariffs that were put in place and citing some of the international emergency uh the powers act that President Trump tried to invoke, uh they said not yet, uh and ultimately that in the ruling there, which is set to be appealed, that ultimately is moving some of the major averages higher here and some of the broader market sentiment factoring that in on the day. Let's take a look at technology. XLK, you're seeing that jump by about 1.3% here on the day. And then additionally, pulling up the caboose, consumer staples right now. That's lower by about three tenths of a percent. One of the safety trades, safe haven asset right there, or trade pocket of the market, however you want to call it, call it down today. Nvidia, after earnings, you're seeing that rip to the upside by about five and a half percent. We're going to put a longer-term chart on this just so you can see exactly how we've been moving year to date, and we are now back in the positive territory solidly year to date by about 5.9%. We'll continue to watch that very closely here. Of course, there was a lot of room that we had to ultimately and ground that we had to make up. But post earnings, we've seen exactly that happen here. And I'm going to take a look just quickly at a one-year chart. There we go. One year past 52 weeks, and you're seeing us not quite hit up on that top, but uh we are getting close to those levels here for Nvidia. And then additionally, taking a look at some of the other MAG 7s on the day, they're all higher across the board. I'll put this on an equal view for the Nasdaq 100, far more gainers than laggards. However, bringing up the caboose, the brand of the green siren, Starbucks. You're seeing that pull back just a little bit. It's down by about 1.1%. Somebody get it some coffee, maybe it'll know how to race to the upside. And for the Dow Jones Industrial Average Dow 30 components, we've got those mixed here on the day, but more green, it looks like than red CRM, Salesforce post earnings. We're going to talk about that in a hot second. That is pulling up the caboose down by about 6%.

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Roubens Andy King

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