From Nasdaq: 2025-05-29 18:29:00

1. Markets were mostly up on Thursday, despite a scare from the U.S. Court of Appeals on President Trump’s tariffs. The Dow closed up +0.26%, S&P 500 +0.40%, Nasdaq +0.39%, and Russell 2000 +0.33%. Bond yields fell, with 10-year at +4.42%, 2-year +3.94%, and 30-year +4.92%.
2. Pending Home Sales for April dropped -6.3% month over month, hitting the second-worst April on record. The index came in at +71.3 overall, with the West and South seeing the biggest drops. New Home Sales for April surprised on the upside, adding to the housing market data.
3. Costco beat expectations in its fiscal Q3 report, with earnings of $4.28 per share on $63.2 billion in revenues, +8% year over year. The company could benefit from tariffs due to bulk orders. Gap tumbled -17% after posting positive results but citing potential tariff costs. Dell saw positive reaction despite missing on earnings.
4. Marvell Technology outperformed on earnings and revenues, with earnings of 62 cents per share on $1.89 billion in revenues. The company also raised next-quarter guidance. Ulta Beauty beat expectations on earnings and revenues, guiding above consensus, and shares are up +8% in late trading.
5. Zacks’ Research Chief names a top stock set to potentially double in the coming months. The stock belongs to an innovative financial firm with a growing customer base and cutting-edge solutions. The article also highlights successful past picks like Nano-X Imaging. Download the 7 Best Stocks for the Next 30 Days for more recommendations.

Read more at Nasdaq: Markets Stay Green on More Tariff Discourse; Earnings from COST, GAP & More