CNBC Business News Update - Market Close: Stocks Rally, Dow Up 740 Points, Consumer Confidence Rebounds, EU Tariffs Delayed 5/27/25

Episode Date: May 27, 2025

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored by CNBC's Jessica Ettinger.

I'm Jessica Edinger CNBC Wall Street opens Wednesday morning after a rally Tuesday. Consumer confidence rebounded in the latest read and new tariffs on European goods were delayed. The Dow soared higher by 740 points, one and three quarters percent led to the upside by Nike shares up four and a half percent. The S&P 500 index up 2%. The Nasdaq was up 2.5%. Nvidia shares were up more than 3% on Tuesday afternoon.

Companies whose shares hit fresh all-time highs Tuesday include Booking Holdings, Monster Beverage, Philip Morris, CrowdStrike, Paychex, and Olive Garden Parent, Darden Restaurants. The Dow and the NasdaQ still lower for the year, but the S&P 500 index has its head above water. It's up about a half percent year to date now. Investors are being pretty forgiving

about the near-term economic numbers. You know, we bounced off of the multi-decade low in consumer confidence, and it's treated as an upside surprise. CNBC's Mike Santoli. AI chipmaker NVIDIA reports quarterly results after the closing bell on Wednesday. Don't expect any fireworks this time around. Macro uncertainty and that pesky ban on the H20 chips. Destin for China have really just thrown a wrench into things. The streets, big players, really aren't mincing their words either in their reports.

Bank of America, Piper, Mizuho, all expecting NVIDIA to actually come up short on revenues for the April quarter and see gross margins likely taking a hit. The culprit is lost revenue from China, plain and simple. But here's the thing, this doom and gloom scenario that I may be mentioning isn't permanent. These same analysts see brighter days ahead for Nvidia in the second half of this year. CNBC's Christina Partson-Evalis. Investors are keeping a close eye on the Trump tariffs after he pushed the deadline for a deal with the EU to July. This follows President Trump turning negative on Russian President Vladimir Putin for the

first time over the weekend, which is what Europe wanted to hear. You get Putin as bad guy, then suddenly Europe has a reason to make a deal. It's just a radical reversion. Think about where we were Friday. The president got very angry other than the deal with Nippon Steel. There really was nothing positive. We started hearing that the Senate's going to disagree with the House bill. Then suddenly we wake up to a possible deal. CNBC mad money host Jim Creamramer. Consumer confidence popped in May, according to the conference board, to the highest since February, a record Memorial Day long weekend for the box office. The biggest winner of all of the media players here was

Disney as Lilo and Stitch live action remake has already grossed around $90 million more than the entire run of the 2002 animated film. This is a big win for a film with a roughly $100 million budget, and it makes Disney the only studio to top $2 billion at the box office so far this year. Another winner, of course, Paramount, Tom Cruise's final installment on its Mission Impossible franchise delivered a franchise best with particular strength at IMAX. CNBC's Julia Borsten. On Wednesday's watch list as we mentioned earnings are coming from a biggie NVIDIA plus Dix Sporting Goods and Salesforce. We also

get the minutes from the last Fed meeting as investors comb through those looking for hints on what the Fed might do with interest rates. Jessica Ettinger CNBC. You come to my show and you learn how to do stocks. Mad Money, weeknight 6 Eastern CNBC.