US close: Stocks higher after Trump delays EU tariffs
By Iain Gilbert
Date: Wednesday 28 May 2025
(Sharecast News) - Major indices closed higher on Tuesday after Donald Trump agreed to delay tariffs of 50% on imports from the European Union.
At the close, the Dow Jones Industrial Average was up 1.78% at 42,343.65, while the S&P 500 advanced 2.05% to 5,921.54 and the Nasdaq Composite saw out the session 2.47% firmer at 19,199.16.
The Dow closed 740.58 points higher on Tuesday, more than erasing losses recorded in the previous session after Trump called for fresh tariffs on the EU and technology giant Apple ahead of the Memorial Day long weekend.
On Tuesday's macro slate, US durable goods orders plunged by 6.3% in April to $296.3bn, according to the Census Bureau, the sharpest decline since January 2024, although slightly softer than market expectations of a 7.8% drop.
Elsewhere, S&P Case-Shiller's home price index increased to 338.39 in March, up from 335.08 points in February, while consumer confidence surged to 98.0 in May, according to the Conference Board, a 12.3-point increase month-on-month and significantly better than the consensus estimates of 86.0.
Finally, the Dallas Federal Reserve's manufacturing business index rose to -15.3 in May, up from a near five-year low of -35.8 in April but still pointing to a fourth consecutive monthly contraction.
In the corporate space, identity and access management firm Okta warned of an "uncertain economic environment" ahead, causing shares to slump in extended trading.
Still to come, the likes of Nvidia, Macy's and Costco were all slated to report before the end of the week.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Nike Inc. (NKE) $62.83 4.68%
American Express Co. (AXP) $293.76 2.99%
Goldman Sachs Group Inc. (GS) $615.63 2.87%
Amgen Inc. (AMGN) $279.45 2.87%
Apple Inc. (AAPL) $200.21 2.53%
Intel Corp. (INTC) $20.55 2.49%
Walt Disney Co. (DIS) $112.36 2.41%
Caterpillar Inc. (CAT) $351.36 2.36%
Microsoft Corp. (MSFT) $460.69 2.33%
Home Depot Inc. (HD) $370.40 2.12%
Dow Jones - Fallers
Boeing Co. (BA) $201.03 -0.66%
Unitedhealth Group Inc. (UNH) $295.00 -0.19%
Dowdupont Inc. (DWDP) $0.00 0.00%
Merck & Co. Inc. (MRK) $77.59 0.01%
Coca-Cola Co. (KO) $71.78 0.01%
McDonald's Corp. (MCD) $314.97 0.12%
Johnson & Johnson (JNJ) $153.25 0.20%
Walgreens Boots Alliance, Inc. (WBA) $11.21 0.36%
Verizon Communications Inc. (VZ) $43.50 0.42%
Chevron Corp. (CVX) $137.83 0.94%
S&P 500 - Risers
Hologic Inc. (HOLX) $62.17 14.54%
VF Corp. (VFC) $13.55 12.92%
CenturyLink Inc. (LUMN) $4.02 8.06%
Royal Caribbean Cr (RCL) $255.54 6.42%
Fluor Corp. (FLR) $43.54 6.09%
Carnival Corp. (CCL) $23.60 6.07%
Kohls Corp. (KSS) $7.91 5.75%
DENTSPLY Sirona Inc. (XRAY) $16.34 5.62%
PVH Corp. (PVH) $86.52 5.54%
Southwest Airlines Co. (LUV) $32.66 5.53%
S&P 500 - Fallers
VeriSign Inc. (VRSN) $269.56 -3.65%
AutoZone Inc. (AZO) $3,695.66 -3.42%
Newmont Corporation (NEM) $52.71 -1.75%
Copart Inc. (CPRT) $52.82 -1.58%
Equifax Inc. (EFX) $258.39 -1.45%
Kroger Co. (KR) $67.78 -1.11%
O'Reilly Automotive Inc. (ORLY) $1,361.38 -0.95%
Yum! Brands Inc. (YUM) $144.00 -0.94%
H&R Block Inc. (HRB) $57.23 -0.87%
Boeing Co. (BA) $201.03 -0.66%
Nasdaq 100 - Risers
Qvc Group Inc Series A (QVCGA) $4.63 16.04%
Hologic Inc. (HOLX) $62.17 14.54%
Tesla Inc (TSLA) $362.89 6.94%
DENTSPLY Sirona Inc. (XRAY) $16.34 5.62%
Align Technology Inc. (ALGN) $178.55 4.54%
Microchip Technology Inc. (MCHP) $58.68 4.43%
Intuit Inc. (INTU) $751.96 4.42%
KLA-Tencor Corp. (KLAC) $789.06 4.21%
American Airlines Group (AAL) $11.64 4.02%
Texas Instruments Inc (TXN) $183.24 3.94%
Nasdaq 100 - Fallers
JD.com, Inc. (JD) $32.54 -2.43%
O'Reilly Automotive Inc. (ORLY) $1,361.38 -0.95%
Trip.com Group Limited (TCOM) $61.75 -0.93%
Citrix Systems Inc. (CTXS) $103.90 0.00%
Xilinx Inc. (XLNX) $0.00 0.00%
Cerner Corp. (CERN) $0.00 0.00%
Mylan Inc. (MYL) $0.00 0.00%
Celgene Corp. (CELG) $0.00 0.00%
Alexion Pharmaceuticals Inc. (ALXN) $0.00 0.00%
Maxim Integrated Products Inc. (MXIM) $0.00 0.00%
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