Jensen Huang, co-founder and CEO of Nvidia Corp., speaks during a news conference in Taipei on May 21, 2025. Cheng / AFP) (Photo by I-HWA CHENG/AFP via Getty Images)
I-hwa Cheng | Afp | Getty Images
My top 10 things to watch Tuesday, May 27
1. The S&P 500 was indicated up more than 1% today after President Donald Trump delayed 50% tariffs on the EU until July 9. The 10-year Treasury yield slipped under 4.5% on trade optimism. As I wrote in my weekly column, there are suddenly many reasons to be bullish.
2. Friday is the last trading day of the month — and despite last week’s downturn, investors did not, as the old Wall Street adage goes, “sell in May and go away.” For the month so far, the S&P 500 jumped 4.2%, and the Nasdaq soared 7.4%.
3. Republican Sen. Ron Johnson said there are enough of his GOP colleagues to oppose Trump’s House-passed “Big Beautiful Bill,” until the president gets serious about serious about reducing spending and reducing the deficit. Wall Street worries that the budget bill of tax cuts and spending priorities will balloon the deficit.
