Stock indexes closed mixed due to concerns over trade policy and fiscal outlook.

From Nasdaq: 2025-05-22 18:46:00

Stock indexes closed mixed on Thursday, with the S&P 500 and Dow Jones at 1-1/2 week lows. President Trump’s tax bill passed the House, causing concern over the deficit. US assets’ appeal to foreign investors is diminishing due to ongoing trade tensions and negative credit outlook. Bond yields fell on dovish Fed comments.

Bitcoin hit a record high as stablecoin legislation advanced in the Senate. Markets await tariff news and trade deal updates. 77% of S&P 500 companies beat Q1 earnings estimates. Overseas markets closed lower. ECB meeting was dovish on US tariffs’ economic impact. US jobless claims fell to a 1-month low.

T-notes rallied on dovish Fed comments and lower bond yields. European government bond yields also declined. US economic data showed strength in jobless claims but weakness in home sales. German bund yields fell. UK manufacturing PMI dropped. ECB likely to cut rates in June.

Managed healthcare stocks dropped after Medicare plans audit expansion. Chip stocks dragged the market down. Williams-Sonoma missed gross margin estimates. W. R. Berkley downgraded by Goldman Sachs. Advanced Auto Parts beat sales forecasts. Urban Outfitters and Snowflake reported strong Q1 results.

Coinbase led crypto stocks higher as Bitcoin surged. Seagate approved $5 billion share repurchase. Nike returns to Amazon, boosting stock. Ralph Lauren beat revenue forecasts. Earnings reports for various companies on 5/23. Disclaimer: Author had no positions in mentioned securities.



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