S&P 500 Gains & Losses Today: Index Slips as Congress Mulls Tax Bill, Treasury Yields Surge
The S&P 500 dropped 1.6% on Wednesday, May 21, 2025, as long-term Treasury yields pushed higher and Congressional budget talks spotlighted deficit concerns.
The S&P 500 dropped 1.6% on Wednesday, May 21, 2025, as long-term Treasury yields pushed higher and Congressional budget talks spotlighted deficit concerns.
A number of stocks fell in the afternoon session after the major indices pulled back (Nasdaq -1.3%, S&P 500 - 1.4%) as Treasury yields rose, reflecting market anxiety over a draft federal budget that could worsen the already wide US fiscal deficit. A poor auction for 20-year U.S. Treasury bonds further raised concerns, as weak demand implies investors are becoming more cautious about holding long-dated U.S. debt.
A number of stocks fell in the afternoon session after the major indices pulled back (Nasdaq -1.3%, S&P 500 - 1.4%) as Treasury yields rose, reflecting market anxiety over a draft federal budget that could worsen the already wide US fiscal deficit.
Shares of tractor and farm equipment maker Deere have been on a tear this year, recently touching record highs. They dipped today.
(Reuters) -The U.S. Treasury Department saw soft demand for a $16 billion sale of 20-year bonds on Wednesday with investors worried about the country's increasing debt burden as Congress wrangles with a tax and spending bill that is expected to worsen the fiscal outlook. The poorly received auction, which saw stocks and the dollar sell off while U.S. Treasury yields rose, shows intensified investor worries about the country's ballooning debt that could spur bond market vigilantes who want more fiscal restraint from Washington. Republicans were on Wednesday trying to find unity around a tax-and-spending bill which is expected to add trillions to the country's debt.
Wall Street slumped under the weight of pressure from the bond market, where Treasury yields climbed on worries about the U.S. government's spiraling debt and other concerns. The S&P 500 fell 1.6% Wednesday. The Dow Jones Industrial Average dropped 1.9%, and the Nasdaq composite sank 1.4%.
Wall Street slumped under the weight of pressure from the bond market, where Treasury yields climbed on worries about the U.S. government's spiraling debt and other concerns. The S&P 500 fell 1.6% Wednesday. The Dow Jones Industrial Average dropped 1.9%, and the Nasdaq composite sank 1.4%.
Stocks, bonds and the dollar fell on Wednesday as concerns mount about the premier status of American assets.
Bank of America analysts gave the auto parts dealer a "buy" rating and raised their target price for the shares in a research note Wednesday.
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