Market Drama

Featuring Zoe CEO & Founder, Andres Garcia-Amaya, CFA

June 2nd, 2025 
Watch Time: 2 min.

Welcome to this week’s Market Drama! 

Stock Market Update:

  • S&P 500: Up 1.9% for the week; now up 0.5% YTD and 18% above April lows.
  • Nasdaq: Up 2% for the week; still down 1% YTD.
  • Early-week rally: Driven by the delay of proposed 50% EU tariffs.
  • Nvidia earnings: Beat expectations. Stock ended the week up 3%.
  • Thursday boost: U.S. Court ruled Trump lacked authority for many tariffs.
    • Late-week pullback: Federal court temporarily halted that ruling following the administration’s appeal.

Economic Update:

  • April PCE Inflation: up 2.5% YoY, down from 2.7% in March.
    • Lowest annual reading since 2021.
    • Suggests tariffs have not yet pushed inflation higher, easing market concerns.

Next Week:

  • Non-Farm payrolls (May).
  • ISM PMI data.

Stay tuned for next week.

– Andres

Disclosure: This material provided by Zoe Financial is for informational purposes only. It is not intended to serve as a substitute for personalized investment advice or as a recommendation or solicitation of any particular security, strategy or investment product. Nothing in these materials is intended to serve as personalized tax and/or investment advice since the availability and effectiveness of any strategy is dependent upon your individual facts and circumstances. Zoe Financial is not an accounting firm- clients and prospective clients should consult with their tax professional regarding their specific tax situation. Opinions expressed by Zoe Financial are based on economic or market conditions at the time this material was written. Economies and markets fluctuate. Actual economic or market events may turn out differently than anticipated. Facts presented have been obtained from sources believed to be reliable. Zoe Financial, however, cannot guarantee the accuracy or completeness of such information, and certain information presented here may have been condensed or summarized from its original source. 

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