In today's market update, U.S. stocks closed with minimal changes following a volatile trading session. The Dow Jones and S&P 500 ended flat, while the Nasdaq saw a slight uptick of approximately 0.25%. Recent concerns over the U.S. deficit had pushed Treasury yields higher, initially weighing on stock performance. However, after the House of Representatives passed President Donald Trump's tax and spending bill, yields retreated, helping stocks recover from early losses. Technical strategist Rob Sluymer from RBC Wealth Management discusses the implications of these movements, highlighting a potential near-term reversal in interest rates. Additionally, the video covers notable stock movements, including Snowflake's optimistic fiscal 2026 revenue forecast and challenges faced by Deckers Outdoor and Ross Stores amidst tariff uncertainties.
first published: May 23, 2025 10:35 am
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