US markets will be closed today

26/05/2025 Argaam

US financial markets will be closed on Monday for Memorial Day, with trading resuming normally on Tuesday.


The markets are set to open in positive on Tuesday after President Donald Trump announced a delay in imposing a 50% tariff on the European Union, extending the deadline to July 9. Futures linked to the Dow Jones Industrial, S&P 500, and Nasdaq 100 indices rose by more than 1% at 12:41 p.m. Mecca time.


US stocks ended Friday's trading with weekly losses, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite falling by 2.45%, 2.6%, and 2.45%, respectively.


The Dow Jones closed the week down 0.6% to 41,603 points, while the S&P 500 fell 0.65% to 5,802 points, and the Nasdaq Composite declined 1% to 18,737 points.

 

This week, the markets are anticipating the publication of quarterly earnings reports from various companies, led by Nvidia, along with economic data such as the second reading of first-quarter GDP and the Federal Reserve's preferred inflation measure.

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