Digest | 14 May 2025
- Edward von der Schmidt
- May 15
- 2 min read
Major stock indices drifted on Wednesday while the technology sector outperformed. Crude oil prices retreated and the dollar weakened. President Trump's diplomatic overtures in the Middle East stood in contrast to uncertain negotiations vis-a-vis Russia and Ukraine as NATO ministers met in Turkey. The House GOP navigated marathon committee sessions in its aim to advance budget legislation by Memorial Day. Thursday will bring retail sales and wholesale price data for April, earnings from Walmart, a speech from Federal Reserve Chair Powell, and a pivotal hearing before the Supreme Court concerning the 14th Amendment and nationwide injunctions.