Stock indexes stabilize after bond yields decrease post Trump's tax bill, with jobless claims low.

From Nasdaq: 2025-05-22 13:05:00

Stock indexes saw a mix of movement with S&P 500 and Dow Jones falling to lows after bond yields surged post Trump’s tax bill. Weekly jobless claims hit a 1-month low, aiding stocks. The bill now heads to Senate, sparking concerns about rising US deficit and waning investor interest. Bitcoin hits record high amid stablecoin bill debates in Senate.

US bond yields eased after a high, supporting stocks on Fed’s dovish comments. Market eyes Trump’s tax bill details and upcoming senate vote. Expectations for a rate cut in June FOMC meeting are at 5%. Earnings season sees high beats in S&P 500 companies. Overseas markets slip, with Eurozone and UK PMI showing mixed results.

Interest rates fluctuate as T-notes recover from a low after Waller’s comments on rate cuts. European bond yields rise, with ECB leaning towards easing. German IFO index hits an 11-month high. UK PMI disappoints. US stock movers include AAP, URBN, SNOW, and STX on strong financial reports. Healthcare and energy sectors see declines. Williams-Sonoma and W.R. Berkley report disappointing margins. Earnings reports for today include ADI, ADSK, CPRT, and more.



Read more at Nasdaq: Stocks Stabilize as Bond Yields Slip