Stocks plummeted due to concerns about trade, global economy, and rising bond yields

From Nasdaq: 2025-05-21 16:10:00

Stocks experienced a substantial decline on Wednesday, with the Dow dropping 816.80 points, the S&P 500 falling 95.85 points, and the Nasdaq tumbling 270.07 points. This was attributed to concerns about trade deals and the global economy, as well as rising bond yields due to fears of a new U.S. tax bill increasing the deficit. An auction of twenty-year bonds also saw below-average demand, further contributing to the bond yield increase. In sector news, airline and banking stocks saw significant declines, while gold stocks rose. Overseas markets varied, with Asian markets mostly higher and European markets mixed. Trading on Thursday may be influenced by reports on jobless claims and existing home sales.



Read more at Nasdaq: U.S. Stocks Move Sharply Lower Amid Surging Treasury Yields