{"id":49490,"date":"2025-05-21T13:02:01","date_gmt":"2025-05-21T18:02:01","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-treasury-yields-surge-and-target-disappoints\/49490\/"},"modified":"2025-05-21T13:02:01","modified_gmt":"2025-05-21T18:02:01","slug":"market-recap-stocks-retreat-as-treasury-yields-surge-and-target-disappoints","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-treasury-yields-surge-and-target-disappoints\/49490\/","title":{"rendered":"Market Recap: Stocks Retreat as Treasury Yields Surge and Target Disappoints"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-treasury-yields-surge-and-target-disappoints\/49490\/#Major_Indexes_Pull_Back_on_Tax_Bill_Uncertainty_and_Retail_Concerns\" >Major Indexes Pull Back on Tax Bill Uncertainty and Retail Concerns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-treasury-yields-surge-and-target-disappoints\/49490\/#Retail_Sector_Faces_Headwinds_as_Target_Cuts_Outlook\" >Retail Sector Faces Headwinds as Target Cuts Outlook<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-treasury-yields-surge-and-target-disappoints\/49490\/#Healthcare_Giant_UnitedHealth_Continues_to_Struggle\" >Healthcare Giant UnitedHealth Continues to Struggle<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-treasury-yields-surge-and-target-disappoints\/49490\/#Tech_and_Crypto_Sectors_Show_Mixed_Performance\" >Tech and Crypto Sectors Show Mixed Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-treasury-yields-surge-and-target-disappoints\/49490\/#Upcoming_Market_Events_to_Watch\" >Upcoming Market Events to Watch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-stocks-retreat-as-treasury-yields-surge-and-target-disappoints\/49490\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Pull_Back_on_Tax_Bill_Uncertainty_and_Retail_Concerns\"><\/span>Major Indexes Pull Back on Tax Bill Uncertainty and Retail Concerns<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The U.S. stock market retreated on Wednesday, May 21, 2025, as investors closely monitored Congressional deliberations on a sweeping tax bill while digesting disappointing earnings from major retailers. The market&#8217;s recent optimism faded amid rising Treasury yields and concerns about consumer spending.<\/p>\n<p>The <b><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> declined 0.5%<\/b>, breaking its six-day winning streak, while the <b>tech-heavy Nasdaq Composite fell 0.2%<\/b>. The <b><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average dropped 1%<\/b>, making it the worst performer among the major indexes.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>&#8220;Stocks moved lower Wednesday morning as investors kept close tabs on deliberations in Congress on a sweeping bill that would extend significant tax cuts and boost spending,&#8221; noted market analysts, highlighting the legislative uncertainty weighing on investor sentiment.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Retail_Sector_Faces_Headwinds_as_Target_Cuts_Outlook\"><\/span>Retail Sector Faces Headwinds as Target Cuts Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Target (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TGT\">TGT<\/a>) shares tumbled 4% after the retail giant missed first-quarter revenue expectations and cut its full-year sales outlook. Company executives pointed to tariff uncertainty, weaker discretionary spending, and backlash to the company&#8217;s rollback of diversity initiatives as factors behind the disappointing performance.<cscitation citation_id=\"task_4__2\"><\/cscitation><\/p>\n<p>In contrast, home improvement retailer Lowe&#8217;s (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=LOW\">LOW<\/a>) saw its shares rise 2% after reaffirming its full-year forecast, putting the company on track for year-over-year sales growth. Lowe&#8217;s reported earnings of $2.92 per share, beating analyst estimates.<cscitation citation_id=\"task_4__2\"><\/cscitation><\/p>\n<p>Homebuilder Toll Brothers (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TOL\">TOL<\/a>) provided a bright spot in the market, with shares climbing 2.8% after exceeding expectations on both revenue and earnings for its second quarter.<cscitation citation_id=\"task_4__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Healthcare_Giant_UnitedHealth_Continues_to_Struggle\"><\/span>Healthcare Giant UnitedHealth Continues to Struggle<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>UnitedHealth Group (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=UNH\">UNH<\/a>) shares fell 4.4% following HSBC&#8217;s downgrade of the health insurer. Analysts suggested the stock could see further downside even after its recent dramatic sell-off. UnitedHealth shares have plunged nearly 39% this year amid regulatory uncertainty and rising medical costs.<cscitation citation_id=\"task_4__1\"><\/cscitation><\/p>\n<p>The company is reportedly facing a criminal investigation for possible Medicare fraud and has been accused of implementing controversial cost-cutting measures, further damaging investor confidence.<cscitation citation_id=\"task_4__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_and_Crypto_Sectors_Show_Mixed_Performance\"><\/span>Tech and Crypto Sectors Show Mixed Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In the technology sector, Palo Alto Networks (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PANW\">PANW<\/a>) tumbled 5% after posting lower-than-expected gross margins for its third fiscal quarter, overshadowing better-than-anticipated earnings.<cscitation citation_id=\"task_4__1\"><\/cscitation><\/p>\n<p>Meanwhile, cryptocurrency-related stocks gained ground as Bitcoin reached a new all-time high. Coinbase (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=COIN\">COIN<\/a>) rose 2%, while Mara Holdings (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MARA\">MARA<\/a>) jumped more than 4%.<cscitation citation_id=\"task_4__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events_to_Watch\"><\/span>Upcoming Market Events to Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors should keep an eye on several key economic events in the coming days:<\/p>\n<p>&#8211; Thursday, May 22: Weekly jobless claims data, PMI Composite Flash, and existing home sales figures will provide insights into the health of the U.S. economy.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>&#8211; Friday, May 23: New home sales data will be released, potentially impacting homebuilder stocks and mortgage-related securities.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>&#8211; The Federal Reserve&#8217;s balance sheet update on Thursday could influence market sentiment regarding monetary policy.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>Looking ahead to next week, investors will be watching the G7 Meeting of Finance Ministers and Central Bank Governors for signals about global economic coordination and policy direction.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook\"><\/span>Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite today&#8217;s pullback, the broader market has shown resilience in recent weeks, with the S&#038;P 500 and Dow Jones Industrial Average returning to positive territory for 2025 as global trade tensions have eased.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>However, uncertainty surrounding the proposed tax legislation, persistent inflation concerns, and mixed corporate earnings suggest that market volatility may continue in the near term. Investors should remain vigilant about upcoming economic data releases and Federal Reserve communications for clues about the future direction of monetary policy and economic growth.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Pull Back on Tax Bill Uncertainty and Retail Concerns The U.S. stock market retreated on Wednesday, May 21, 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