Asia And Europe Markets Gain, Trump's Tariff Rejection By Court Fuels Commodity Rally - Global Markets Today While US Slept

On Wednesday, May 28, U.S. markets closed lower as investors digested cautious Federal Reserve signals and weakness in chip-related stocks. Nvidia shares jumped in after-hours trading following strong earnings, though its future revenue outlook was disappointing. Cadence and Synopsys plunged after reports of a renewed U.S. ban on semiconductor design software sales to China. Fed officials warned of difficult economic tradeoffs ahead.

In economic data, the U.S. Fifth District composite manufacturing index climbed to -9 in May, up from -13 in April.

All S&P 500 sectors ended in the red Wednesday, with utilities, materials, and energy stocks posting the steepest declines.

The Dow closed lower by 0.58% at 42,098.70, the S&P 500 declined 0.56% to 5,888.55, and the Nasdaq slid 0.51% ...