From Nasdaq

May 23, 2025 01:09:00 pm:

Stocks faced challenges this week due to rising bond yields, a Moody’s U.S. credit downgrade, and profit-taking, leading to choppy trading. The 10-year Treasury yield surge triggered broad selling, as investors grew cautious about interest rates and inflation. Tech stocks were hit by profit-taking, while strong earnings and sector breakouts struggled to offset volatility.

Retail earnings showed a mixed picture, with Home Depot and Snowflake impressing investors with positive outlooks, while Palo Alto Networks, Target, and TJX Companies faced setbacks. Deckers Outdoor withdrew guidance, causing a stock drop. Concerns about consumer spending and tariffs weighed on retail sentiment.

Solar stocks like SolarEdge and Enphase slid after a new tax bill passed the House, impacting renewable energy incentives. On the other hand, crypto stocks including Marathon Digital, Riot Platforms, and Coinbase surged alongside Bitcoin’s breakout. Defense and energy stocks also saw movement due to policy proposals and geopolitical tensions.

The upcoming week may see increased volatility as investors await Federal Reserve meeting minutes and the PCE price index. These events will provide insight into the Fed’s interest rate decisions and inflation trends. Additionally, a wave of earnings reports is expected. Memorial Day week performance trends and key resistance levels in the S&P 500 are also being analyzed.

Read more at Nasdaq: Volatility Reigns Amid Economic Uncertainty and Policy Moves