Wall Street Gains in May; Tariffs and Inflation Remain in Focus

Wall Street closed out a month of gains this Friday, May 30, the best since November 2023 for the S&P 500, although the session was marked by caution and mixed movements due to lingering uncertainty over Trump's tariffs and the impact on companies like Gap.

Wall Street closed trading this Friday, May 30, 2025, and with it a month of May that is shaping up to be the most positive for the S&P 500 index since November 2023. However, the closing session was characterized by a mixed trend and palpable caution among investors, influenced by mixed corporate earnings reports and, crucially, by continued uncertainty surrounding President Donald Trump's tariff policy.

At the close of trading (Eastern Time), the S&P 500 was down slightly, 0.1%. The Dow Jones Industrial Average was up slightly, less than 0.1% (about 10 points), while the Nasdaq Composite was down 0.3%. These figures reflect a market that, while posting significant monthly gains, remains sensitive to political and economic fluctuations.

• Gap Inc .: The clothing retailer's shares plummeted 19.6% despite reporting better-than-expected profit and revenue for the latest quarter. The drop was due to the announcement that tariffs on imports from China and other countries could add up to $300 million to its costs this fiscal year, even with strategies to mitigate half of that impact.
• Ulta Beauty : In contrast, the beauty retailer's shares rose 11.2% after reporting sales and earnings that beat analysts' estimates and raising the top end of its fiscal year revenue forecast.
• Costco : The retail giant saw its shares rise 3.4% after its quarterly results slightly exceeded expectations.
• SharpLink Gaming : This marketing company saw a spectacular weekly rally, with its shares gaining 1,308% this week (up 19.5% on Friday alone), after announcing a $425 million fundraising opportunity to buy cryptocurrency on the Ethereum blockchain as part of its expansion into the global crypto gaming market.

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