empty
28.05.2025 09:43 AM
Stock Market on May 28th: S&P 500 and NASDAQ Continue Their Rapid Rally
Following the most recent regular session, U.S. stock indices closed with strong gains. The S&P 500 rose by 2.00%, while the Nasdaq 100 added 2.47%. The Dow Jones Industrial Average jumped 1.78%.The rally came after data showed that U.S. consumer confidence rebounded sharply in May from a nearly five-year low, as economic and labor market prospects improved amid a tariff truce. The Conference Board's Confidence Index rose by 12.3 points to 98, marking the largest monthly increase in four years and surpassing all economist estimates in the survey.

This image is no longer relevant

However, today stock index futures corrected, and Treasuries halted a three-day rally amid lingering concerns over the fiscal health of the U.S. economy. Weak demand at a Japanese bond auction also weighed on sentiment.

Asian indices erased previous gains, slipping by 0.1%, with Hong Kong's index among the worst performers. Longer-dated maturities led to a drop in Treasury prices, while the auction of 40-year Japanese government bonds showed the weakest demand since July of last year.

Investors remain cautious about the fiscal outlook of the U.S., especially after President Donald Trump launched a trade war and pushed for tax cuts, sparking concerns about the nation's growing deficit. This uncertainty, combined with global economic headwinds—such as slowing growth in Europe and Asia—has created a challenging investment environment. As a result, investors are shifting toward safe-haven assets like government bonds and gold, while equities remain exposed to volatility.

One of the key factors influencing investment decisions remains the monetary policy of the U.S. Federal Reserve. High interest rates, aimed at curbing inflation largely driven by Trump's trade policy, may slow economic growth and reduce corporate profitability. Additionally, geopolitical tensions, including conflicts and trade disputes, continue to pressure global markets.

Today's Fed minutes are expected to reiterate recent statements that the central bank is waiting for additional evidence before moving to cut interest rates.

Concerns about governments' ability to finance massive budget deficits have also recently weighed on the bond market, pushing long-term U.S. Treasury yields to levels last seen in 2007.

This image is no longer relevant

S&P 500 Technical Outlook

The main task for buyers today will be to break through the nearest resistance at $5921. This would support further upside and open the path toward a breakout to $5933.

An equally important goal for the bulls will be gaining control over the $5967 level, which would strengthen buyers' positions.

If the market declines amid a drop in risk appetite, buyers must defend the $5897 level. A break below this level would likely send the instrument down toward $5877, opening the door for a further slide to $5854.

Jakub Novak,
Analytical expert of InstaTrade
© 2007-2025

Recommended Stories

Update on US stock market on July 15: stock indices got stuck below all-time highs

S&P500 Major stock indices standing tall near all-time highs Snapshot of the key US stock indices on Monday: Dow +0.2%, NASDAQ +0.3%, S&P 500 +0.1%, S&P 500 closed at 6,268

Jozef Kovach 10:38 2025-07-15 UTC+2

Stock market on July 15: SP500 and NASDAQ returned to growth thanks to NVIDIA

As of yesterday, US stock indices closed higher. The S&P 500 rose by 0.14%, while the Nasdaq 100 added 0.27%. The industrial Dow Jones strengthened by 0.20%. Today, futures

Jakub Novak 10:03 2025-07-15 UTC+2

Stock Market Buying and Selling – July 15, 2025

Buying shares of Gilead Sciences (#GILD) Gilead Sciences is an American pharmaceutical company. Yesterday, the company's stock price made a decisive reversal from the MACD line support on the daily

Laurie Bailey 05:12 2025-07-15 UTC+2

Trump's new tariffs, BTC rally, and major AI deals: signals traders cannot afford to ignore

Global markets are once again under pressure. President Donald Trump has announced 30% tariffs on imports from the EU and Mexico, triggering a sharp reversal in US stock index futures

Аlena Ivannitskaya 15:31 2025-07-14 UTC+2

Update on US stock market on July 14: Trump returns to tariff war

S&P500 Snapshot of US major stock indices on Friday Dow -0.6%, NASDAQ -0.2%, S&P 500 -0.3% (S&P 500 closed at 6,229, trading in a range of 5,900 to 6,400

Jozef Kovach 14:53 2025-07-14 UTC+2

Update on US stock market on July 14. SP500 and NASDAQ sliding due to Trump's tariffs

As of yesterday, the US benchmark stock indices closed lower. The S&P 500 fell by 0.33%, while the Nasdaq 100 declined by 0.22%. The industrial Dow Jones lost 0.63%. Today

Jakub Novak 10:09 2025-07-14 UTC+2

Update on US stock market on July 11: stock indices extending modest growth

S&P500 Snapshot of major US stock indices Dow Jones: +0.5% NASDAQ: +0.2% S&P 500: +0.3%, S&P 500 closed at 6,283, trading in a range of 5,900 to 6400 The stock

Jozef Kovach 12:57 2025-07-11 UTC+2

US stock market on July 11: S&P 500 and NASDAQ hit record highs before retreating

On Wednesday, the US stock market closed higher, with the S&P 500 gaining 0.27%, the Nasdaq 100 rising 0.09%, and the Dow Jones Industrial Average advancing 0.43%. However, during Asian

Jakub Novak 11:42 2025-07-11 UTC+2

Stock market on July 10: SP500 and NASDAQ extend upward momentum

US stock markets ended the previous trading session with gains, continuing their upward trajectory. The S&P 500 rose by 0.61%, the Nasdaq 100 advanced 0.94%, and the Dow Jones Industrial

Jakub Novak 12:42 2025-07-10 UTC+2

Update on US stock market on July 10: bullish trend going on

S&P500 Snapshot of major US stock indices on Wednesday: Dow +0.5%, NASDAQ +0.9%, S&P 500 +0.6%, S&P 500 6,263 in the range of 5,900 to 6,400. The stock market began

Jozef Kovach 11:41 2025-07-10 UTC+2
Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.

We are sorry for any inconvenience caused by this message.