Market Watch — May 30 2026
U.S. markets closed mixed Friday as investors digested hawkish Fed commentary. The Dow slipped 0.11%, the S&P 500 edged up 0.35%, and the Nasdaq gained 0.44% on tech strength. Nvidia led the chip sector higher following strong earnings guidance.
Commodities held steady: gold at $3,469/oz and WTI crude at $68.12/barrel. The dollar index DXY rose 0.3% to 97.4, pushing USD/JPY to 148.79. European markets closed lower with the FTSE -0.4% and DAX -0.6% as ECB officials reiterated caution on rate cuts. Bitcoin traded near $107,200.
- NVIDIA +4.1% — CEO Jensen Huang raised full-year guidance citing Blackwell chip demand
- Salesforce -3.2% — missed Q1 revenue target by $120M, lowered FY26 outlook
- Tesla +1.8% — Elon Musk confirmed Robotaxi unveil at June 8 Austin event
- Gold Futures -0.3% — profit-taking after 6-week rally
Economic Data
- Fed’s Logan: “Vigilance on inflation risks remains critical” — hawkish signal
- U.S. GDP Q1: revised to +0.3% vs +0.4% prior — downward revision
- Core PCE: +2.6% YoY — still above Fed’s 2% target
- Michigan Consumer: 54.2 vs 55.1 expected — weak sentiment
International
- BoE’s Greene: “Gradual approach to policy normalization” — no rush to cut
- ECB’s Schnabel: “Vigilance on services inflation” — wait-and-see stance
- Japan Nikkei: -0.5% — yen weakness pressures exporter stocks