Trading results for 28 May 2025
Surprisingly, Wednesday’s session fully lived up to the expectations of analysts and investors – although there weren’t many to begin with. The only noteworthy event was the release of the minutes from the Federal Open Market Committee’s May meeting. But even this event passed relatively unnoticed, as it simply confirmed what everyone already knew – the indecisiveness of FOMC members, who currently have no opinion of their own.
“In considering the outlook for monetary policy, participants agreed that with economic growth and the labor market still solid and current monetary policy moderately restrictive, the Committee was well positioned to wait for more clarity on the outlooks for inflation and economic activity,” the minutes stated. In other words: the Fed is fine, don’t bother us – and we won’t bother you.
Against this backdrop, market participants played their own game on Wednesday and, following Tuesday’s solid gains, were in no hurry to act. The leading U.S. indexes remained slightly in the red throughout the session. Only in the final 30 minutes did speculators manage to push prices down a little, with the indexes closing 0.6% lower across the board. Only the tech-heavy NASDAQ Composite fought back heroically, falling by a more modest 0.51%. The situation was saved by just two issuers: Broadcom (AVGO, +1.60%) and Oracle Corp (ORCL, +1.20%), which delivered results slightly better than the rest.
NVIDIA (NVDA, -0.51%) held up fairly well throughout the session, with investors clearly showing interest ahead of its earnings report. However, at the end of the day, some market players appeared to lose their nerve and began actively selling NVDA shares to take profits. A mistake, it turned out – the company’s results, released immediately after the closing bell, beat analysts’ expectations, and the stock jumped over 5% in after-hours trading.
Wednesday’s trading produced an interesting result in the ITS index family. On the one hand, the two indexes ended the day with completely different outcomes: the global companies index ITS World (ITSW) lost 0.33%, while the Islamic index ITS Shariah (ITSS) gained 0.37%. Interestingly, however, more stocks in ITSW closed higher than in ITSS – where only 6 of the 30 components finished in positive territory.
But all 6 were tech giants – including the already mentioned Broadcom (AVGO) and Oracle Corp (ORCL), along with Texas Instruments Inc (TXN), Intuit (INTU) and Apple (AAPL). These were the stocks that pulled ITSS into the green. ITSW, however, was dragged down by Chinese stocks, especially JD.com Inc (JD, -2.95%) and Alibaba (BABA, -2.33%), which prevented the index from closing in positive territory.
Overall, Wednesday was a quiet and uneventful day that certainly will not go down in trading history. Still, a breather now and then never hurts.