Market Recap – Thursday, May 22, 2025
Indexes Performance
Indexes Performance
- S&P 500: -0.1% to 5,842
- Nasdaq Composite: +0.3% to 18,925.7
- Dow Jones Industrial Average: Flat at 41,859.1
- U.S. markets closed mixed as the House passed a major GOP-backed tax and spending bill, now moving to the Senate.
- The bill proposes rolling back clean energy incentives, hitting renewable stocks hard.
- Bitcoin reached a new all-time high, lifting crypto-related equities.
- Treasury yields dropped, while gold and silver prices declined.
- Renewables:
- Enphase Energy (ENPH) plunged -19.6%
- NextEra Energy (NEE) fell -6.4%
(Due to planned early phase-out of wind/solar tax credits)
- Health Insurance:
- Humana (HUM) dropped -7.6% after CMS announced increased audits for Medicare Advantage plans.
- Retail:
- Williams-Sonoma (WSM) fell -4.5% despite beating earnings; lower-than-expected gross margins and tariff costs weighed on sentiment.
- Cryptocurrency:
- Coinbase (COIN) rose +5% as Bitcoin hit new highs amid favorable crypto legislation developments.
- Tech/Buybacks:
- Seagate (STX) gained +4.2% after announcing a $5B stock repurchase authorization.
- Airlines:
- United Airlines (UAL) rose +3.6%, supported by a UBS upgrade and optimism from a pause in U.S.-China tariffs.
- Gold: ↓ 0.7% to $3,291.60/oz
- Silver: ↓ 1.4% to $33.17/oz
- 10-Year Treasury Yield: ↓ 6.1 bps to 4.54%
- 2-Year Treasury Yield: ↓ 3.1 bps to 4%