Market Wrap | US Stocks Surge as Fed Holds Rates and Tech Sector Shines

On May 27, 2025, the U.S. stock market experienced a significant surge, with the S&P 500 Index rising by 2.05%, the Dow Jones Industrial Average increasing by 1.78%, and the Nasdaq Composite Index climbing by 2.47%. This rally was driven by the high probability (97.8%) of the Federal Reserve maintaining interest rates in June, indicating a stable monetary policy environment. Additionally, the U.S. Treasury's decision to reduce Treasury auction sizes to manage debt ceiling pressures could further impact market dynamics by influencing liquidity.
In today's market, the technology and discretionary consumer goods sectors outperformed the S&P 500. Notably, the discretionary consumer goods sector demonstrated exceptional performance.
Nvidia shares rose 3.21% as the company continues to benefit from the AI boom, with strong demand for its GPUs driving revenue growth. GE Aerospace saw a 3.86% increase, fueled by an increasing demand for its aftermarket services. ASML Holding rose 3.32%, driven by strong demand in the AI sector. Broadcom's stock price rose 3.03% following Trump's announcement delaying tariffs. Oracle shares rose 3.81%, with a median price target of $197 per share, implying a 16% upside from its current share price. Novo Nordisk rose 4.59% as the delay in imposing a 50% tariff on European Union imports provides temporary relief. Tesla shares surged 6.94%, boosted by Elon Musk's renewed commitment to focus on Tesla projects.
SharpLink Gaming's stock surged over 433%, driven by a $425 million Ethereum treasury plan and the appointment of Ethereum co-founder Joseph Lubin to its board. LiveWire Group saw a significant rise of 153.47%, as positive market sentiment from the regular session carried over into the after-hours trading. Rocket Pharmaceuticals experienced a sharp decline of 62.84% after the FDA paused its gene therapy trial due to a patient death. QVC Group Pref A dropped 50.29% due to declining sales amid increased competition in the retail sector.
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