From Yahoo Finance: 2025-05-30 00:53:00

Wall Street closed a quiet Friday with mixed profit reports from Gap and Ulta Beauty. S&P 500 finished nearly unchanged, Dow Jones added 54 points, Nasdaq slipped 0.3%. Gap reported stronger profit and revenue but fell 20.2% due to tariffs on imports that could cost $300 million this year. Market uncertainty remains about Trump’s tariffs impacting the economy.

Ulta Beauty rose 11.8% with strong sales and profit. Costco climbed 3.1% after exceeding revenue expectations. Red Robin Gourmet Burger soared 62.9% with unexpected profit. SharpLink Gaming fell 3.2% after raising $425 million to buy cryptocurrency. S&P 500 edged down to 5,911.69 points, Dow Jones rose to 42,270.07, Nasdaq slipped to 19,113.77.

Treasury yields eased after lower-than-expected inflation in April. U.S. consumer sentiment improved in May after Trump paused tariffs on China. Fed officials are monitoring tariff impact on inflation and economy. European markets were mixed, while Asian markets fell. Fed has kept borrowing rate steady this year to assess tariff effects on inflation and economy.



Read more at Yahoo Finance: Wall Street glides to the end of its best month since 2023