{"id":49496,"date":"2025-05-22T10:01:51","date_gmt":"2025-05-22T15:01:51","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/todays-midday-market-update-markets-stabilize-after-wednesdays-selloff\/49496\/"},"modified":"2025-05-22T10:01:51","modified_gmt":"2025-05-22T15:01:51","slug":"todays-midday-market-update-markets-stabilize-after-wednesdays-selloff","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/todays-midday-market-update-markets-stabilize-after-wednesdays-selloff\/49496\/","title":{"rendered":"Today&#8217;s Midday Market Update: Markets Stabilize After Wednesday&#8217;s Selloff"},"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\/todays-midday-market-update-markets-stabilize-after-wednesdays-selloff\/49496\/#Major_Indexes_Attempt_Recovery_Amid_Deficit_Concerns\" >Major Indexes Attempt Recovery Amid Deficit 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\/todays-midday-market-update-markets-stabilize-after-wednesdays-selloff\/49496\/#Bond_Yields_and_Deficit_Concerns\" >Bond Yields and Deficit Concerns<\/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\/todays-midday-market-update-markets-stabilize-after-wednesdays-selloff\/49496\/#Key_Earnings_Reports_Today\" >Key Earnings Reports Today<\/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\/todays-midday-market-update-markets-stabilize-after-wednesdays-selloff\/49496\/#Stocks_Making_Headlines\" >Stocks Making Headlines<\/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\/todays-midday-market-update-markets-stabilize-after-wednesdays-selloff\/49496\/#Upcoming_Economic_Events\" >Upcoming Economic Events<\/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\/todays-midday-market-update-markets-stabilize-after-wednesdays-selloff\/49496\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_Attempt_Recovery_Amid_Deficit_Concerns\"><\/span>Major Indexes Attempt Recovery Amid Deficit Concerns<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As of midday Thursday, May 22, 2025, major U.S. stock indexes are showing signs of stabilization after Wednesday&#8217;s significant selloff. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average is down 0.2% to 41,777, the <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> has edged down 0.1% to 5,838, while the tech-heavy Nasdaq Composite is showing resilience with a 0.5% gain, currently trading at 18,967.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>Wednesday&#8217;s market rout saw the Dow plummet 816.80 points (1.9%), the S&#038;P 500 tumble 1.6%, and the Nasdaq slide 1.4%, pushing major indexes back into negative territory for 2025.<cscitation citation_id=\"task_1__3\"><\/cscitation> The selloff was primarily triggered by mounting concerns over the federal deficit as a controversial budget bill works its way through Congress.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bond_Yields_and_Deficit_Concerns\"><\/span>Bond Yields and Deficit Concerns<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The market volatility stems from the proposed tax-cut bill of the Trump administration, which has raised significant concerns about the U.S. fiscal deficit. Estimates suggest the proposed tax cuts could add $3 to $5 trillion to the already substantial $36.2 trillion U.S. fiscal deficit.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p><b>Treasury yields have spiked dramatically<\/b>, with the 30-year Treasury yield reaching 5.09%, its highest level since October 2023, while the benchmark 10-year Treasury yield climbed to 4.59%, levels not seen since mid-February.<cscitation citation_id=\"task_2__1\"><\/cscitation> This surge in yields reflects investor concerns about the government&#8217;s ability to finance its growing debt burden.<\/p>\n<p>The tax legislation has hit a roadblock as House Republicans from Democrat-controlled states have raised questions about the state and local tax (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SALT\">SALT<\/a>) deduction caps, threatening to derail the bill that President Trump and House Speaker Mike Johnson hoped to pass before Memorial Day weekend.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Earnings_Reports_Today\"><\/span>Key Earnings Reports Today<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several notable companies are reporting earnings today, potentially influencing market movements:<\/p>\n<p>&#8211; Toronto Dominion Bank (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=TD\">TD<\/a>) reported quarterly earnings of $1.24 per share, representing a 17.33% decrease compared to the same quarter last year.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8211; Analog Devices (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=ADI\">ADI<\/a>) announced earnings of $1.69 per share, a 20.71% increase year-over-year, continuing its streak of beating expectations every quarter.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8211; Williams-Sonoma (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=WSM\">WSM<\/a>) reported earnings of $1.76 per share, a 13.73% decrease from the same period last year.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>&#8211; BJ&#8217;s Wholesale Club (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=BJ\">BJ<\/a>) posted earnings of $0.91 per share, representing a 7.06% increase compared to the previous year.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stocks_Making_Headlines\"><\/span>Stocks Making Headlines<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several individual stocks are making significant moves today:<\/p>\n<p>&#8211; Lumen Technologies shares surged 15% after AT&#038;T (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=T\">T<\/a>) agreed to acquire substantially all of Lumen&#8217;s Mass Markets fiber internet connectivity business.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>&#8211; Snowflake (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SNOW\">SNOW<\/a>) stock jumped more than 7% in trading following a solid first-quarter report.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>&#8211; Urban Outfitters (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=URBN\">URBN<\/a>) shares soared over 14% after the apparel retailer delivered stronger-than-expected quarterly results.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>&#8211; Technology giants Microsoft (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MSFT\">MSFT<\/a>) and Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>) are recovering slightly after falling 1.2% and 2.3% respectively in yesterday&#8217;s session.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Economic_Events\"><\/span>Upcoming Economic Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors are closely monitoring several key economic releases and events in the coming days:<\/p>\n<p>&#8211; Today&#8217;s Weekly Economic Index release at 11:30 AM EDT will provide insights into recent economic activity.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>&#8211; Tomorrow (May 23) will see the release of NAR Existing Home Sales and New Residential Sales data at 10:00 AM EDT, along with the New York Fed Staff Nowcast at 11:45 AM EDT.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<p>&#8211; Next week features significant releases including Advance Durable Goods (May 27), Gross Domestic Product 2nd Release (May 29), and Personal Income and PCE Deflator data (May 30).<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>The Federal Reserve&#8217;s recent decision to hold interest rates steady at the 4.25% to 4.5% range during its May meeting continues to influence market sentiment. Fed Chair Jerome Powell noted that their existing policy is &#8220;in a good place&#8221; and allows them to respond swiftly as economic conditions evolve.<cscitation citation_id=\"task_3__3\"><\/cscitation><\/p>\n<p>Analysts are closely watching how the budget negotiations unfold, as the outcome could significantly impact market direction in the coming weeks. The combination of deficit concerns, potential tariff implementations, and mixed economic signals presents a challenging environment for investors navigating the remainder of Q2 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Major Indexes Attempt Recovery Amid Deficit Concerns As of midday Thursday, May 22, 2025, major U.S. stock indexes are showing [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50312,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[94],"tags":[4295,33,225,1175,1255,1659,3792,3899,3904,4293],"class_list":["post-49496","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update","tag-salt","tag-msft","tag-aapl","tag-wsm","tag-urbn","tag-adi","tag-t","tag-snow","tag-bj","tag-td"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/49496","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=49496"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/49496\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50312"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=49496"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=49496"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=49496"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}