Wall Street Crash: Fed Minutes Shake the Market and Send Stocks Tumbling

by

Wall Street Crash: Fed Minutes Shake the Market and Send Stocks Tumbling

Stock market chaos

Well, isn’t this just peachy? U.S. stocks took a nosedive on Wednesday after the Fed dropped its May meeting secrets like a gossip at a cocktail party.

The Dow Jones decided to take a 0.58% vacation, losing 245 points — because who needs that kind of grief? Meanwhile, the S&P 500 and Nasdaq also took a hit, falling 0.56% and 0.51%. Apparently, the Federal Reserve’s minutes were about as reassuring as a flat tire: lots of talk about “difficult tradeoffs” ahead and inflation wanting to stick around like a bad smell.

“Participants agreed that uncertainty about the economic outlook had increased further, making it appropriate to take a cautious approach until the net economic effects of the array of changes to government policies become clearer,” the CNBC transcript reads. Basically, they’re eyeing the storm clouds with all the confidence of a cat in a bath. “Participants noted that the Committee might face difficult tradeoffs if inflation proves to be more persistent while the outlooks for growth and employment weaken.”

Meanwhile, in the political circus, President Donald Trump was busy throwing shade. He pushed back against some Financial Times columnist who dubbed the “TACO trade” — you know, Trump Always Chickens Out. Yes, folks, the guy’s been accused of delaying tariffs like a kid avoiding veggies. Trump insisted it’s all part of his master negotiation plan, and that our European friends are actually eager to make a deal. Sure, Jan.

On a cheerier note, retail warriors are still flexing their muscles. Abercrombie & Fitch’s shares shot up 14% after reporting solid first-quarter results, giving us hope that maybe people still wanna buy overpriced jeans. They’re promising a 3–6% sales bump for the year — look at that, consumer spending isn’t dead yet.

But don’t get too excited. HP stocks plummeted 15% because apparently, missing earnings estimates and blaming tariffs is the new black. Who needs steady profits when you can have added costs from trade wars? Such fun.

And then there’s Nvidia, the tech darling, which “beat expectations” in its earnings report. Shares climbed higher after revealing their EPS hit 96 cents on revenue of $44.06 billion — beating the estimates of 93 cents and $43.31 billion. Their data centers grew 73% year-over-year, which is impressive until you remember they *missed* $2.5 billion in sales due to export restrictions on chips heading to China. The quarter’s gross margin was 61%, but without those China-related charges? Oh, just your average 71.3%. No biggie.

Nvidia Chip Revenue

So, yeah, folks — the market’s on a rollercoaster, inflation’s playing hard to get, and Trump’s negotiatin’ like he’s still on The Apprentice. Buckle up, it’s a wild ride. 🚀💸🤷‍♂️

Read More

2025-05-29 00:04