U.S.-EU trade scheduling
The EU accelerated negotiations focused on autos and semiconductors, and Trump later said Europe had called to set meeting dates quickly. The developments extended the trade-de-escalation context carried into Tuesday.
May 27, 2025 · QQQ/SPY Market Review · 32 headlines
Trade talks and stronger confidence accompany a 2.37% QQQ gain
QQQ gained 2.37% and SPY rose 2.11%, with QQQ leading by 0.27 percentage points. Faster U.S.-EU trade scheduling and a May consumer-confidence reading of 98.0 versus 87.1 expected framed the risk-on session, while April durable-goods data were mixed and Kashkari favored holding rates steady. PDD's earnings miss and a report that Nvidia's GB200 production was ramping supplied contrasting company-level context.
Published
- QQQ
- +2.37%
- SPY
- +2.11%
- QQQ − SPY
- +0.27%
What shaped the session
Consumer and capex data
May consumer confidence reached 98.0 versus 87.1 expected and 86.0 prior. April headline durable-goods orders fell 6.3%, less than the 7.6% decline expected, while core orders rose 0.2% against a 0.1% decline forecast.
Fed wait-and-see stance
Kashkari said tariff negotiations could take months or years and supported keeping rates steady while inflation risks remained uncertain, reinforcing a patient policy stance.
Company earnings and AI
PDD reported weaker-than-expected revenue and lower profitability, while a later report said Nvidia's GB200 technical issues had been resolved and production was accelerating ahead of earnings.
Key news
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