Live Nasdaq Composite: Fear Grips Markets as China Trade Deal Unravels

By Gerelyn Terzo Updated May 30, 12:45PM EDT · Published May 30, 10:00AM EDT

Key Points

Stocks are lower after President Trump called out China for breaching its trade agreement with the U.S.
Inflation is showing sings of abating, and the consumer remains resilient, holding up the economy.

Live Updates

Jamie Dimon Weighs in on Rates

May 30, 2025 at 12:46 PM EDT | Gerelyn Terzo

JPMorgan CEO Jamie Dimon made comments from an economic forum, reportedly saying he agrees with Jerome Powell and the Fed’s strategy to wait on lowering interest rates. He also commented on the bond market, suggesting that cracks are going to emerge, but the bank will capitalize on it. The Nasdaq Composite has widened its losses on the day to 1.5%.

Positive Economic Signs

May 30, 2025 at 11:06 AM EDT | Gerelyn Terzo

The Atlanta Fed’s GDPNow model today has updated its second quarter outlook upward, now predicting 3.8% economic growth compared to its May 27 estimate calling for 2.2% expansion. The Atlanta Fed explained,

“After recent releases from the US Census Bureau and the US Bureau of Economic Analysis, the nowcast of the contribution of net exports to second-quarter real GDP growth increased from -0.64 percentage points to 1.45 percentage points, while the nowcasts of second-quarter real personal consumption expenditures growth and second-quarter real gross private domestic investment growth declined from 3.7 percent and -0.2 percent, respectively, to 3.3 percent and -1.4 percent.”

The Nasdaq Composite remains lower.

Wall Street Moves

May 30, 2025 at 10:00 AM EDT | Gerelyn Terzo

TD Cowen downgraded shares of Starbucks (Nasdaq: SBUX | SBUX Price Prediction), citing evolving consumer preferences and a challenging labor market. Earlier this week, Melius Research analyst Ben Reitzes lifted his price target on Broadcom (Nasdaq: AVGO) by a whopping $85 to $283 and reemphasized his buy rating on the stock. AVGO stock is lower with the broader technology sector today.

This article will be updated throughout the day, so check back often for more daily updates.

The markets are gripped in fear once again as this trend of one step forward, two steps back persists. The U.S. and China trade deal appears to have unraveled. All three of the major stock market averages opened lower after President Trump called out China for violating the trade deal.

It’s not all doom and gloom, as the economy is showing further signs of staving off inflation. Consumer prices barely moved in April, rising a mere 0.1% based on the personal-consumption-expenditures price index. The index, which is closely watched by the Fed to gauge where inflation is headed, was up 2.1% in the 12-month period leading up to April, down from 2.3% in the prior month and signaling progress toward the Fed’s 2% goal. Consumers also remain a bright spot as consumer spending inched higher by 0.2% last month and personal income saw a 0.8% increase.

Here’s a look at the performance as of morning trading:

Dow Jones Industrial Average: Down 79.87 (-0.19%)
Nasdaq Composite: Down 56.87 (-0.30%)
S&P 500: Down 16.75 (-0.31%)

Winners & Losers

Despite signs of an economic slowdown, consumers are sticking to their beauty regimens. Ulta Beauty (Nasdaq: ULTA) lifted its full-year guidance as consumers continue to buy its products, sending the stock soaring by 14.5% today.

Palantir Technologies (Nasdaq: PLTR) is gaining 2% on the day. The AI-powered data analytics software company is benefiting from expanded government contracts, per The New York Times. The share price reached new record highs in May but has since declined from those levels.

PC maker Dell (Nasdaq: DELL) is up 2.5% after beating Q2 earnings estimates.

Regeneron Pharma (Nasdaq: REGN) is down 18.4% after disappointing drug trial results for its smoker’s lung treatment, which had previously shown promise.

Cooper Companies (Nasdaq: COO) is losing 13.9% after announcing its Q2 results.

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About the Author Gerelyn Terzo →

Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.