Stocks fall due to trade tensions and tariff threats from President Trump

From Nasdaq: 2025-05-23 12:51:00

Stock indexes, including the S&P 500, Dow Jones Industrials, and Nasdaq 100, are lower today due to trade tensions and fiscal concerns. President Trump’s tariff threats on Apple and the EU accelerated losses. Despite this, new home sales rose, providing some economic support. Earnings season shows strong results, with 77% of S&P 500 companies beating estimates. Overseas markets are mixed, while interest rates and bond yields remain volatile.

US stock market movers include chip stocks like Microchip and Micron Technology down over 3%, and Apple falling over 2% after tariff threats. Deckers Outdoor and Booz Allen Hamilton are down over 14% due to weak forecasts. Nuclear power stocks rise on eased regulations news. Gold mining stocks are up with the price of gold. Intuit leads gainers with strong Q3 results.

The ECB reports easing wage pressures in the Eurozone and hints at a June interest rate cut. German GDP is revised upward, while UK retail sales beat expectations. Swaps are pricing in a 99% chance of an ECB rate cut. Earnings reports for May 23, 2025, include American Vanguard Corp and Booz Allen Hamilton Holding Co.



Read more at Nasdaq: Stocks Retreat as President Trump Escalates Trade Tensions