U.S. stock market, the Wall Street is closed on Monday. S&P 500, Dow Jones, Nasdaq will not trade normally due to the Memorial Day holiday on Monday. It will be shortened trading week.
S&P 500, Dow 30, Nasdaq futures were up in the pre-market.
High-flying U.S. equities could face turbulence in the final days of a blowout corporate earnings season as investors confront an increasingly tricky backdrop of spiking inflation and rising bond yields. The benchmark S&P 500 wobbled this week but was close to its all-time high,up more than 9% for the year. The index has posted eight straight weekly gains.
A selloff in the bond market has Wall Street on edge. The benchmark 10-year Treasury yield this week hit its highest level since January 2025, while the 30-year yield touched its highest since 2007, although both yields pulled back toward the end of the week. Yields, which rise as bond prices fall, pose headwinds for stocks as they increase rapidly, including by pressuring valuations and translating into higher borrowing costs for consumers and businesses.
AI, which has been a key driver of stocks and earnings growth, will also be in focus with results from cloud software provider Salesforce and Dell Technologies, which sells servers.
Chipmaker Nvidia, whose results are considered a barometer for the AI market’s health, on Wednesday forecast second-quarter revenue of $91 billion, surpassing Wall Street’s estimates.
Nvidia’s “results help reinforce that robust AI-related spending trends remain intact,” Brock Weimer, investment strategy analyst at Edward Jones, said in emailed commentary.
