US stocks stabilize ahead of Nvidia's earnings reports

On Wednesday, May 28, US stock prices remain steady as investors await the release of reports from chip giant Nvidia, which are expected to provide clarity on the impact of restrictions on exports to China.

Today, major retailers, including Abercrombie & Fitch, Dick's Sporting Goods, and Macy's, will also release their reports.

In over-the-counter trading, shares of the identity management company Okta dropped by over 12% after the firm disclosed potential risks stemming from an uncertain economic climate.

Since the beginning of this week, the Dow Jones Industrial Average Index has risen 1.78%, the S&P 500 has climbed 2.05%, and the Nasdaq Composite Index has jumped 2.47%.

This surge followed President Donald Trump's announcement that he would delay the imposition of 50% tariffs on goods from the European Union, which increased investor optimism that these duties could be peaking.

Investors will be watching the latest minutes from the US Federal Open Market Committee meeting closely for signals about the future direction of the Fed’s monetary policy.