Wall Street Slumps As Trump Reignites China Trade Tensions, Nvidia Wipes Out Earnings Rally: What's Driving Markets Friday?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2025
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Source: Benzinga
Trade Tensions and Economic Indicators: President Trump accused China of breaching a tariff agreement, leading to fears of escalating trade disputes. Mixed economic signals emerged as consumer spending slowed and inflation expectations rose, with consumer sentiment at a three-year low.
Market Performance: Major U.S. indices experienced declines, with the S&P 500 falling 1% and the Nasdaq 100 dropping 1.3%. Defensive sectors like consumer staples performed better, while tech stocks, including Nvidia, faced significant losses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
