Day Traders Diary

5/30/25

The major averages closed mixed to end a strong month of May even as trade tensions with China persist. The Dow Jones Industrial Average rose 54 points after falling more than 300 points at the session lows. The S&P 500 fell 48 cents while the Nasdaq fell 62 points or 0.5%.

To start the day, the President Donald Trump said China violated its preliminary trade agreement, reigniting fears that the U.S. could enter a drawn-out trade war. However, in the afternoon's press conference, President Trump was optimistic he could talk to the Chinese President.

On the earnings from, retail stocks continue to report including American Eagle, Costco, Dell, Gap and Zscaler. Costco was a diamond up 4% while Gap was down 19% after getting hit by higher costs from tariffs. Retail in general had a good day. Healthcare and Utilities were higher as well.

The tech space was in the red. The chips were lower with Nvidia down nearly 3% after a great run this month.

Bonds were relatively quiet today on inline inflation data. The 30-year Treasury yield added nearly 2 basis points to 4.94%. The 10-year Treasury yield ticked up a basis point to 4.43%. The 2-year yield was flat at 3.94%.

In the commodity space, oil closed near the lows for the month. Gold and bitcoin were lower as well.  

For the week, the S&P 500 advanced 1.5%, while the Dow was up a percent. The tech-heavy Nasdaq advanced 1.9%.

For the month, the S&P 500 added more than 5% while the Nasdaq surged nearly 10%. The Dow gained 3% on the month. On to June.