From Investing.com: 2025-05-22 10:00:00

U.S. stocks are falling but have recovered from the lows as investors weigh up the impact of Trump’s Big Beautiful Bill ahead of business activity data later in the session. Trump’s signature tax bill narrowly passed a House vote, advancing the package to the Senate. The bill includes a $4 trillion increase in the US debt ceiling to avert a year-end tax increase but may increase U.S. debt. Rising deficits from tax cuts are unsettling the bond market, with yields on the treasury rising. U.S. jobless claims are at a four-week low. Corporate news includes Nike resuming sales on Amazon, Urban Outfitters beating earnings, Snowflake posting strong results, and Zoom falling despite beating earnings. The S&P 500 is recovering but faces resistance at 5850. The USD is rising, while the EUR/USD is falling. Oil prices are dropping due to US inventories and OPEC+ supply increase concerns.



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