05:46 AM EDT, 05/27/2025 (MT Newswires) -- US equity investors will focus on tariff negotiations, Nvidia's ( NVDA ) quarterly earnings, and the Federal Reserve's preferred inflation data this week while watching the dollar and Treasury yields to monitor the Sell-America trade.

* The House of Representatives budget reconciliation bill now faces a "deeply skeptical" Senate over the coming weeks, a Scotiabank note said late Friday. The House bill would lift gross domestic product by a cumulative 0.4% over 10 years, "thus severely challenging the administration's false claim" that it would raise growth rates to 3%. It would widen the deficit by $2.8 trillion, and that too in a "highly regressive fashion."

* Early Tuesday, the US Treasury yields traded mixed, with the 10-year down five basis points to 4.46% while the one-year rose 5.8 basis points to 4.2%. The ICE US Dollar Index climbed 0.2% to 99.32 in premarket activity, still trading close to the lowest since April 2022.

* President Donald Trump rolled back his tariff impositions on Sunday when he declared a July 9 deadline to allow trade discussions with the European Union, Reuters reported. "The stock market seems to dance to Trump's tune: first a threat, then a pullback, quickly followed by a rebound as speculative investors anticipate a concession from the US President," said Jochen Stanzl, chief market analyst at CMC Markets.

* Nvidia ( NVDA ) will report quarterly earnings on Wednesday. Other earnings due this week include AutoZone ( AZO ) , Salesforce ( CRM ) , Costco (COST), Dell (DELL), and Marvell Technology ( MRVL ) .

* Goldman Sachs forecasts that core personal consumption expenditures, or PCE, prices rose 0.10% in April and 2.49% over the last year, according to a note Monday. "We estimated a roughly 3bp tariff boost to core CPI prices in April. We expect tariffs to have their peak impact on monthly inflation from May to August."

* US markets were closed on Monday to observe Memorial Day.