Market Recap – Thursday, May 22, 2025

? Market Recap – Thursday, May 22, 2025

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

Key Highlights

• 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.

Sector & Stock Movers

• 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.

Commodities & Rates

• 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%