Market Wrap | S&P 500 and Nasdaq Gain as Fed Focuses on Inflation and Labor Market

Generated by AI AgentAinvest Market Brief
Thursday, May 29, 2025 6:31 pm ET1min read

May 29, 2025, Thursday: The S&P 500 Index rose by 0.40%, the Dow Jones Industrial Average increased by 0.28%, and the Nasdaq Composite Index gained 0.39%. Federal Reserve's Daly anticipates continued efforts to reduce inflation while noting a resilient labor market despite some slowing. Meanwhile, Goldman Sachs' president Waldron highlights growing concerns among bond traders over rising U.S. government debt levels, overshadowing previous focus on tariffs.

The market saw a mixed performance across various sectors, with several industries outperforming the S&P 500. Leading the pack were the utilities, healthcare, consumer staples, energy, real estate, and financial sectors. Notably, the real estate sector demonstrated exceptional performance. Conversely, the communication services sector moved in the opposite direction of the S&P 500.

Nvidia shares rose 3.25% today, driven by strong earnings and surging demand for AI technologies. The company's robust performance overshadowed any regulatory concerns, underscoring its pivotal role in the AI boom.

SharpLink Gaming surged over 170%, driven by its ambitious plan to raise $425 million for Ether purchases, which captivated investors and propelled the stock to new heights.

rose nearly 136%. dropped over 59%, with trading halted due to volatility concerns. Brooge Energy fell over 57% following its voluntary Nasdaq delisting, which raised concerns about reduced transparency and liquidity for shareholders.

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