Asia In Red, Europe Edges Higher, Dollar Gains - Global Markets Today While US Slept

On Thursday, May 29, U.S. markets closed higher, lifted by Nvidia's strong earnings despite a warning over reduced China sales due to export restrictions. A court reinstated sweeping Trump-era tariffs, though investors largely shrugged off the impact.

Salesforce slipped despite raising its outlook, while Boeing rose on increased production plans. GDP showed a modest contraction, and Best Buy tumbled on softer consumer demand.

In economic data, U.S. jobless claims rose by 14,000 to 240,000 last week, exceeding the expected 230,000. The economy shrank at a 0.2% annual rate in the first quarter, slightly better than the earlier 0.3% estimate.

Most S&P 500 sectors ended higher on Thursday, led by utilities, real estate, and health care. Communication services stocks were the only major decliners.

The Dow closed ...