๐บ๐ธ US Stock Market Preview โ May 29, 2025
๐ข Pre-Market Overview
The US stock market is set for a cautious open on May 29, 2025, with futures pointing to mixed sentiment across major indexes. The Dow Jones Industrial Average is down slightly by 0.2%, while the Nasdaq 100 is up 0.3% in pre-market trading, fueled by optimism around Nvidiaโs earnings.
Meanwhile, the S&P 500 remains flat as investors await critical commentary from Federal Reserve officials later today.
๐ฐ Top Earnings Reports Today
Today is packed with important earnings announcements. Investors will be eyeing:
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Nvidia (NVDA) โ All eyes are on the AI giant as it releases Q1 earnings after the bell. Forecasted EPS: $5.42.
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Salesforce (CRM) โ Reports after market close. Forecasted revenue: $9.2 billion.
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Dollar General (DG) โ Pre-market earnings show better-than-expected same-store sales growth.
These reports are expected to drive tech and consumer discretionary sectors throughout the day.
๐ Economic Calendar โ May 29
According to MarketWatch and the U.S. Bureau of Economic Analysis, todayโs key economic data include:
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Initial Jobless Claims โ Expected at 215,000
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Pending Home Sales โ Estimated to rise 1.2%
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Fed Governor Lisa Cookโs Speech โ Scheduled at 11:30 AM EST
Any surprises here could move bond yields and broader market sentiment.
๐ Sectors to Watch
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Semiconductors โ Led by Nvidia, AMD, and Broadcom. AI spending news remains a major catalyst.
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Consumer Staples โ Dollar Generalโs performance may influence peers like Walmart and Costco.
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Financials โ JPMorgan and Bank of America show slight gains in pre-market, ahead of next weekโs Fed Beige Book release.
๐ Global Market Snapshot
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Asia: Nikkei +0.8%, Hang Seng +1.1%
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Europe: FTSE 100 flat, DAX +0.3%
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Crude Oil: Down 0.5% at $77.40/barrel
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Gold: Trading at $2,370/oz
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Bitcoin: Holding above $69,000
Volatility remains low, with the VIX index at 12.2 โ signaling investor calm before Nvidiaโs after-hours announcement.
๐ Top Analyst Upgrades & Downgrades
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โ Palantir (PLTR): Upgraded by JPMorgan to Overweight with $34 target.
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๐ป Boeing (BA): Downgraded by Citi to Neutral due to production delays.
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โ Eli Lilly (LLY): Price target raised by Goldman Sachs to $1,000 on weight-loss drug optimism.
๐ง Conclusion & Market Sentiment
The May 29, 2025 US stock market opens with cautious optimism as traders prepare for Nvidiaโs results and commentary from the Federal Reserve. With AI stocks leading and economic data looming, volatility could rise into the afternoon session.
Stay tuned for full coverage of earnings and intraday developments at The North Headlines.
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