Tepid demand for US Treasury auction shows investor jitters about tax bill, deficit
  • May 21, 2025

Tepid demand for US Treasury auction shows investor jitters about tax bill, deficit

(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.

  • May 21, 2025

How major US stock indexes fared Wednesday, 5/21/2025

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%.

  • May 21, 2025

How major US stock indexes fared Wednesday, 5/21/2025

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%.

CoreWeave Surges Past Analyst Targets as Citi Doubles Theirs
  • May 21, 2025

CoreWeave Surges Past Analyst Targets as Citi Doubles Theirs

(Bloomberg) -- CoreWeave Inc.’s rally is running so hot it’s leaving analysts’ stock predictions in the dust. Citi Research more than doubled their 12-month price target on the stock to a Wall Street high Wednesday morning. When the market opened shares blew past it in the first 15 minutes of trading. Most Read from BloombergCan Frank Gehry’s ‘Grand LA’ Make Downtown Feel Like a Neighborhood?Chicago’s O’Hare Airport Seeks Up to $4.3 Billion of Muni DebtNJ Transit Makes Deal With Engineers, Endin

Sonos, CBRE, RE/MAX, WillScot Mobile Mini, and Builders FirstSource Shares Are Falling, What You Need To Know
  • May 21, 2025

Sonos, CBRE, RE/MAX, WillScot Mobile Mini, and Builders FirstSource Shares Are Falling, What You Need To Know

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.

FTAI Aviation, Hillman, Bloom Energy, Hertz, and 3D Systems Shares Are Falling, What You Need To Know
  • May 21, 2025

FTAI Aviation, Hillman, Bloom Energy, Hertz, and 3D Systems Shares Are Falling, What You Need To Know

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.