Wall Street Pulls Back Ahead of Nvidia – May 28, 2025

U.S. markets slid on Wednesday as rising Treasury yields and caution ahead of Nvidia’s earnings weighed on investor sentiment. The S&P 500, Nasdaq, Dow, and Russell 2000 all closed in the red, with tech and consumer cyclicals dragging. Defensive sectors like consumer staples outperformed.

We cover the day’s biggest stock movers — including standout gains from Unity Software, Abercrombie & Fitch, and Vail Resorts — and steep drops from Tempus AI, Okta, and Synopsys. Options flow remained active in SPY, QQQ, and NVDA, while the VIX ticked higher.

Plus, we check in on the crypto market as Bitcoin and Ethereum extend their pullback.

Stick around for a quick look at what’s on deck for tomorrow — including key data and Nvidia’s crucial earnings report.