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Evening Market Recap - Wednesday, 28-May
May 28, 2025 · 5 min

US equities finished lower in Wednesday trading, ending near worst levels after some late-session weakness, with the Dow Jones, S&P500, and Nasdaq closing down 58bps, 56bps, and 51bps respectively. A Fairly uneventful session with few directional drivers to follow up Tuesday’s rally, and some focus pulled ahead to Nvidia earnings after the close. May’s Richmond Fed manufacturing Index improved m/m though remained in contraction. May FOMC minutes said officials felt a cautious approach appropriate amid uncertainty, and Fed well positioned to wait for clarity on the outlook.