Markets closed mixed; concerns about tax bill, PANW mixed results, TOL beat expectations.

From Zacks Investment Research: 2025-05-20 19:46:00

On Tuesday, market indexes started in the red but closed with mixed results. The Dow slipped 0.27%, S&P 500 fell 0.39%, Nasdaq dropped 0.38%, and Russell 2000 gained 0.05%. Concerns over a proposed tax bill increasing the deficit are emerging. Palo Alto Networks posted mixed results in Q3 earnings, with revenues up 15%. Toll Brothers beat expectations in Q2 earnings and revenues. Tomorrow, watch for updates on trade deals and the new tax bill. Big-box retailers Lowe’s, Target, and TJX Companies will report earnings, with negative estimates except for TJX’s +4% revenue growth.



Read more at Zacks Investment Research: Markets Cool on Low News Cycle; PANW, TOL Report – May 20, 2025