US Stocks Decline Amid Earnings Reports and Fed Outlook

On Wednesday, May 28, 2025, the US stock market experienced a decline as investors analyzed a series of earnings reports and the Federal Reserve’s meeting minutes, while also anticipating Nvidia’s quarterly results.The Dow Jones Industrial Average dropped by 244.95 points, or 0.58 percent, to close at 42,098.70. The S&P 500 fell by 0.56 percent to end the day at 5,888.55, and the Nasdaq Composite slipped by 0.51 percent to 19,100.94.Key factors driving today's market direction included the release of earnings reports from various companies and the ongoing macroeconomic uncertainty. Okta shares plummeted by over 16 percent despite exceeding quarterly expectations, as the company maintained its full-year guidance but cited ongoing macroeconomic uncertainty. In contrast, Abercrombie & Fitch surged more than 14 percent, and Dick’s Sporting Goods gained nearly 2 percent following their positive earnings releases.Macy’s Inc. reported better-than-expected quarterly results, with revenue of 4.6 billion dollars in the period, surpassing average estimates. However, Macy’s shares still fell by 1 percent in early trading.Among the most actively traded stocks, Nvidia is highly anticipated to report its first-quarter results after the market close, with analysts expecting adjusted earnings per share of 0.86 dollars on revenue of 43.28 billion dollars, a year-over-year increase of 66 percent.Looking forward, US stock futures are little changed ahead of Nvidia and Salesforce’s earnings reports. The pre-market futures indicate a cautious stance as investors await these key earnings releases. Tomorrow, investors will be watching for the impact of these earnings reports and any further insights from the Federal Reserve’s meeting minutes.Potential market catalysts include the ongoing trade tensions and the effects of new tariffs on imports, which could influence consumer discretionary spending and overall market sentiment.This content was created in partnership and with the help of Artificial Intelligence AI