From Yahoo Finance: 2025-05-20 05:57:00

U.S. stocks fell as the S&P 500 ended a six-session winning streak due to rising Treasury yields. President Trump pushed for a tax-cut bill that could add $3-$5 trillion to the $36.2 trillion federal debt. Dow and Nasdaq also fell after recent gains.

Eight out of 11 S&P 500 sectors fell, with energy, communication services, and consumer discretionary stocks leading losses. Utilities, healthcare, and consumer staples gained. Analysts view the current market pause as a consolidation after recent gains with rising yields in the fixed-income world.

The Dow Jones fell by 0.27%, the S&P 500 by 0.39%, and the Nasdaq Composite by 0.38%. Investors monitored Fed officials’ comments on monetary policy. Moody’s and other ratings agencies downgraded U.S. sovereign credit due to debt concerns. Traders anticipate at least two 25-basis-point Fed rate cuts by 2025, with the first expected in September.

Declining issues outnumbered advancers on the NYSE, with 219 new highs and 33 new lows. The S&P 500 recorded 19 new highs, while the Nasdaq Composite had 59 new highs and 46 new lows. Volume on U.S. exchanges was 16.14 billion shares.

Read more: Wall Street stocks slip, rising US Treasury yields in focus