CNBC Business News Update Market Open: Stocks Higher, Investors Wait for Fed Meeting Minutes And Nvidia Earnings, Abercrombie & Fitch Shares Soar 5/28/25
May 28, 2025
Stocks are rallying, sparked by strong Apple performances and investor excitement over upcoming Federal Reserve meeting minutes. Amid the buzz, NVIDIA's anticipated quarterly earnings add to the thrill. The retail and airline sectors are also in focus, with insights into profit expectations and the challenges they face. With expert analysis guiding the discussion, the potential impact on your finances is placed front and center.
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Market Gains With Caution Ahead
- The market shows slight gains with the Dow up 33 points led by Apple rising over 1%.
- Long-term indicators suggest potential for new lows, complicating the risk-reward for S&P 500 stocks.
NVIDIA's China Market Importance
- Investors focus on Fed minutes for clues about lowering interest rates and await NVIDIA's earnings.
- NVIDIA's CEO Jensen Huang highlights the $50 billion AI market in China and its importance despite trade restrictions.
Retailers Grapple With Tariffs' Impact
- Tariffs impact retailers like Abercrombie & Fitch and Macy's, cutting profit outlooks but some revenue still exceeds expectations.
- Macy's plans to turn around with store closures amid rising costs and tariffs impacting profits.