Good morning, everyone, and welcome to Thursday. In the premarket, stock index futures are trading higher across the board, led by strong gains in the Nasdaq—thanks in large part to Nvidia’s earnings. Earlier in the overnight session, the Dow was up over 500 points, although it has pulled back slightly. The Nasdaq remains firm. Meanwhile, gold and crude oil are trading slightly higher.
At 8:30 AM, we’re expecting jobless claims and GDP numbers, which could influence the market’s direction. However, for now, Nvidia is the dominant force holding the market up.
Tariffs are also in the news this morning. A court has ruled against the Trump-era tariffs—something that’s being celebrated differently depending on the country. (Even the penguins were reportedly partying overnight!)
Stephen Whiteside
Thursday, May 29, 2025
