This week in Wall Street: Trump’s rates escalation, NVIDIA results and Fed’s key inflation meter

Wall Street is entering a fundamental week, since several critical developments threaten to influence the feeling of investors. With the technological giant Nvidia scheduled to release quarterly profits and the preferred inflation measure of the Federal Reserve due on Friday, the approach remains direct in the market foundations. At the same time, the new tariff threats of President Donald Trump have reintroduced geopolitical friction in financial markets.

Last week he saw wide decreases in US actions, ending a one -month rally that had promoted investor’s confidence. He S&P 500 slipped 2.6%, the Nasdaq compound 2.4%fell and the Dow Jones industrial He published similar losses such as renewed concerns about fiscal policy and trade weighed on feeling.

Trump’s latest tariff warnings add up to the winds against the market

President Trump revived commercial tensions on Friday, warning a 25% tariff on Apple products not manufactured in the United States and threatening to double existing tariffs on imports of the European Union in June. Although the markets had digested the previous holders related to the previous trade, the latter saves disturbed investors and added downward pressure on the shares.

Bond markets reacted abruptly earlier for the week, with the Treasury performance at 30 years Increasing above 5.1%, close to its highest level since 2007. 10 -year performance It also increased more than 4.6% before relieving slightly on Friday. The strategists point out that these movements are being driven by anxiety for inflation and fiscal deficit concerns, since markets are adjusted to the growing cost of government loans.

Michael Kantrowitz, Stratega Investment Chief of Piper Sandler, stressed that the latest fragility of the tariff rhetoric market. “The markets need to see two things to recover balance: the rates returned and the returns were established,” he said in a Friday note. He pointed out the 4.5% brand in the 10 -year yield as a critical threshold, pointing out that rates above that level tend to weigh a lot in the sectors sensitive to speed such as tapas and small housing.

Nvidia’s results could shake technological trade

Technology continues in a strong approach this week, with NVIDIA (NASDAQ: NVDA) Prepared to inform the profits on Wednesday after the closing of the market. The semiconductor leader has been a dominant force behind the rise of AI investment and is widely seen as an impulse for a broader technological impulse.

Analysts surveyed by Bloomberg expect Nvidia to publish Profit per share of $ 0.88 in Income of $ 43.3 billionA significant leap of the EPS of $ 0.61 last year with $ 26 billion in revenues. Given its weight in the S&P 500, Nvidia’s performance could influence the market management and establish the tone for the technological expectations of the second half.

Nvidia has been stepping on water in 2025, with large proceedings in spite of continuous enthusiasm around AI. Fears on potential price pressure, increased competition and macro uncertainty have kept cautious investors.

Since November 2022, after the launch of Operai Chatgpt, Nvidia has contributed almost 17% of the total profits of the S&P 500underlining its influence on the current market cycle.

Inflation data at the Care Center as the release of PCE is approaching

The next important economic control point comes on Friday with the April Personal Expenses Index (PCE)The most monitored inflation meter by the Federal Reserve. Market participants are watching closely to see if price pressures are relieving or reacting.

Consensus forecasts require Central PCE—With that eliminates food and energy. 0.1% month by month and 2.5% year after yearbelow slightly 2.6%in March. Reading will serve as a key contribution for Fed policy formulators before the June FOMC meeting, where interest rates projections must be updated.

Bank of America economists expect May inflation data to be published in June, provide the first significant indication of how the latest tariff threats could affect consumer prices and corporate margins.

The profit season is close to closing with a solid corporate perspective

The Nvidia report effectively concludes the first quarter profit season, which has exceeded expectations. With more than 93% of S&P 500 companies Having informed, aggregate profits are in pace to grow 12.9% year after yearAlmost double the planned growth of 7.1% to March 31, according to Factset.

Despite the continuous economic and politics risks, corporate orientation has remained solid. Only eight companies have withdrawn the orientation of profits all year round, well below the 185 that did so in the early stages of the pandemic five years ago.

This resilience has supported capital valuations and reinforced the bullish prospects of the main Wall Street companies. Mike Wilson by Morgan Stanley reaffirmed his end -of -year goal for S&P 500 in 6,500citing the improvement of profit reviews and relative force in US companies versus global colleagues.

Key events of this week: what investors should see

Monday, May 27

Tuesday, May 28

• Economic data: FHFA Housing Price Index (March), S&P case-shiller of 20 cities housing price index, consumer confidence of the Conference Board (May), requests for durable goods (April), Dallas Fed Manufacturing Survey

• Earnings: Autozone (Azo), Okta (Okta), box (box)

Wednesday, May 29

• Economic data: MBA Mortgage requests, Richmond Fed Manufacturing Index, Fham Meeting Act

• Earnings: Nvidia (NVDA), Salesforce (CRM), Macy’s (M), Abercrombie & Fitch (ANF), Dick’s Sporting Goods (DKS), Elf Beauty (ELF), C3.AI (AI)

Thursday, May 30

• Economic data: Q1 GDP (Second Estimation), Personal Consumption (Q1), Initial unemployment claims, Sales of pending housing (April)

• Earnings: Costco (Cost), Dell (Dell), Best Buy (BBY), Ulty Beauty (Uult), GAP (GPS), Marvel Technology (MRVL), Zscaler (ZS)

Friday May 31

• Economic data: PCE inflation (April), Core PCE (April), feeling of consumer of the University of Michigan (Final – May)

• Earnings: Canopy growth (CGC)

Also read: Navitas shares increase 130% in Nvidia AI Partnership