President Trump alarmed investors last week when he threatened to impose a 50% tariff on imports from the European Union as early as June 1. On Monday, the President backtracked, saying the tariffs won't actually go into effect until July 9.

US stock futures rose after a US trade court blocked some of President Trump's tariffs, and Nvidia's mixed earnings report impressed Wall Street despite the company's warnings on chip curbs.

The Dow Jones is down slightly on Wednesday after a failed attempt to reach 42,450. Equity markets are awaiting after-the-bell earnings from AI rally darling Nvidia (NVDA). The Fed’s latest Meeting Minutes show the Fed remains firmly entrenched in wait-and-see mode.

Stock market futures rose Wednesday night after AI giant Nvidia posted a strong earnings report. S&P futures rose at least 0.8%, while Nasdaq 100 futures were up 1.2%. Dow Jones Industrial Average futures gained 206 points,

The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the rally seen in the previous session.

U.S. stocks opened flat to a touch higher on Wednesday as investors awaited earnings from chip giant and artificial-intelligence bellwether Nvidia Corp. after the closing bell, while keeping a close eye on Treasury yields.

NEW YORK] Wall Street’s main indexes opened subdued on Wednesday (May 28) after a sharp rally in the previous session, when cooling trade tensions boosted sentiment, as investors awaited AI leader Nvidia’s results and minutes from the US central bank’s last meeting.

The Dow Jones gained around 750 points from last Friday’s close, forming a technical rejection of the 200-day Exponential Moving Average (EMA) and reclaiming the 42,250 level for the third time this month. The major equity index remains down from its most recent highs near the 42,800 region, but momentum favors further upward moves.

The three major indices, NASDAQ 100, Dow Jones 30, and S&P 500, all look strong and like they are trying to reassert the consolidation to work off the excess froth from the previous few weeks.