{"id":49507,"date":"2025-05-23T13:28:53","date_gmt":"2025-05-23T18:28:53","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-recap-wall-street-closes-mixed-amid-tariff-concerns-and-tech-volatility-on-friday-may-23-2025\/49507\/"},"modified":"2025-05-23T13:28:53","modified_gmt":"2025-05-23T18:28:53","slug":"market-recap-wall-street-closes-mixed-amid-tariff-concerns-and-tech-volatility-on-friday-may-23-2025","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-wall-street-closes-mixed-amid-tariff-concerns-and-tech-volatility-on-friday-may-23-2025\/49507\/","title":{"rendered":"Market Recap: Wall Street Closes Mixed Amid Tariff Concerns and Tech Volatility on Friday, May 23, 2025"},"content":{"rendered":"<p>Based on the information gathered, I&#8217;ll now write the market recap article with the requested formatting:<\/p>\n<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-wall-street-closes-mixed-amid-tariff-concerns-and-tech-volatility-on-friday-may-23-2025\/49507\/#Major_Indexes_End_Week_on_Cautious_Note_as_Treasury_Yields_Spike\" >Major Indexes End Week on Cautious Note as Treasury Yields Spike<\/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-wall-street-closes-mixed-amid-tariff-concerns-and-tech-volatility-on-friday-may-23-2025\/49507\/#Tariff_Concerns_Weigh_on_Major_Retailers_and_Tech_Giants\" >Tariff Concerns Weigh on Major Retailers and Tech Giants<\/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-wall-street-closes-mixed-amid-tariff-concerns-and-tech-volatility-on-friday-may-23-2025\/49507\/#Tech_Sector_Shows_Mixed_Performance\" >Tech Sector Shows Mixed Performance<\/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-wall-street-closes-mixed-amid-tariff-concerns-and-tech-volatility-on-friday-may-23-2025\/49507\/#Notable_Stock_Movers\" >Notable Stock Movers<\/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-wall-street-closes-mixed-amid-tariff-concerns-and-tech-volatility-on-friday-may-23-2025\/49507\/#Economic_Data_and_Upcoming_Events\" >Economic Data and Upcoming 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\/market-recap-wall-street-closes-mixed-amid-tariff-concerns-and-tech-volatility-on-friday-may-23-2025\/49507\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Indexes_End_Week_on_Cautious_Note_as_Treasury_Yields_Spike\"><\/span>Major Indexes End Week on Cautious Note as Treasury Yields Spike<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>U.S. stock markets closed mixed on Friday, May 23, 2025, as investors grappled with concerns over President Trump&#8217;s proposed tax cuts and their potential impact on the nation&#8217;s fiscal deficit. The <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> declined 0.35% to 5,821.34, while the <a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average fell 0.29% to 41,737.05. The tech-heavy Nasdaq Composite showed slightly deeper losses, dropping 0.60% to 18,813.00.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>The market&#8217;s cautious sentiment was largely driven by the spike in yields on long-dated U.S. government securities following the Republican-controlled House&#8217;s narrow passage of the state and local taxes (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SALT\">SALT<\/a>) bill. The 30-Year U.S. Treasury yield touched 5.161%, its highest level since October 2023, while the benchmark 10-Year Treasury yield reached 4.59%.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tariff_Concerns_Weigh_on_Major_Retailers_and_Tech_Giants\"><\/span>Tariff Concerns Weigh on Major Retailers and Tech Giants<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>President Trump&#8217;s tariff threats cast a shadow over several major stocks today. Apple (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=AAPL\">AAPL<\/a>) shares fell 2.72% after Trump threatened a 25% tariff on iPhones not manufactured in the United States.<cscitation citation_id=\"task_3__1\"><\/cscitation> This development comes amid broader concerns about potential tariffs on European Union products as well.<\/p>\n<p>Footwear maker Deckers Outdoor (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DECK\">DECK<\/a>) was among the day&#8217;s biggest losers, plunging nearly 20% after the company withheld its full-year guidance, citing uncertainty over tariffs. The maker of Hoka and Ugg footwear provided weaker-than-expected outlook for the current quarter.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_Sector_Shows_Mixed_Performance\"><\/span>Tech Sector Shows Mixed Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The technology sector displayed mixed results today. Workday (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=WDAY\">WDAY<\/a>) shares tumbled 12.19% after the human resources software maker maintained its full-year subscription revenue guidance at 14% growth without the upside investors typically expect. The company also reported disappointing billings amid what it described as an &#8220;uncertain environment.&#8221;<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>Meanwhile, Nvidia (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NVDA\">NVDA<\/a>) shares dipped slightly by 0.57% to $132.07 as investors positioned themselves ahead of the company&#8217;s highly anticipated Q1 2025 earnings report next week. Analysts project Nvidia will report adjusted earnings per share of $0.88 and revenue of $43.3 billion, marking a 66% year-over-year revenue increase despite challenges related to blocked sales in China.<cscitation citation_id=\"task_2__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Notable_Stock_Movers\"><\/span>Notable Stock Movers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several stocks made significant moves today:<\/p>\n<p>&#8211; <b><a href=\"https:\/\/stockmarketwatch.com\/movers\/today\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Top Stocks\">Top Gainers<\/a>:<\/b> Merus N.V. (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MRUS\">MRUS<\/a>) led the gainers with a remarkable 35.16% surge. Other notable risers included Uranium Energy Corp (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=UEC\">UEC<\/a>) up 25.19%, Oklo Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=OKLO\">OKLO<\/a>) climbing 25.03%, and NuScale Power Corporation (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SMR\">SMR<\/a>) advancing 16.67%.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>&#8211; <b>Top Losers:<\/b> Besides Deckers Outdoor, other significant decliners included MINISO Group Holding Limited (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=MNSO\">MNSO<\/a>) down 18.61%, Booz Allen Hamilton Holding Corporation (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=BAH\">BAH<\/a>) falling 16.72%, and Pony AI Inc. (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PONY\">PONY<\/a>) dropping 16.42%.<cscitation citation_id=\"task_3__2\"><\/cscitation><\/p>\n<p>Intuit (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=INTU\">INTU<\/a>) was the best-performing stock in the S&#038;P 500 after the maker of TurboTax and QuickBooks software beat profit and sales estimates during the key income tax filing period.<cscitation citation_id=\"task_3__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economic_Data_and_Upcoming_Events\"><\/span>Economic Data and Upcoming Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On the economic front, initial jobless claims decreased by 2,000 to 227,000 for the week ended May 17, coming in below the consensus estimate of 230,000. Continuing claims increased by 36,000 to 1.903 million.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>The National Association of REALTORS reported that existing home sales in April came in at 4 million units, below the consensus estimate of 4.18 million but slightly above March&#8217;s 4.02 million units.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>Looking ahead, investors will be closely watching Nvidia&#8217;s earnings report next week, which could provide significant insights into the AI sector&#8217;s resilience amid global challenges. Additionally, building permits and new home sales data are expected to be released, offering further clues about the health of the housing market.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook\"><\/span>Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As we head into the Memorial Day holiday weekend (markets will be closed on Monday), investors remain cautious about several key factors:<\/p>\n<p>1. The potential impact of Trump&#8217;s tax cuts on the U.S. fiscal deficit, which currently stands at a massive $36.2 trillion<br \/>2. Rising Treasury yields and their effect on borrowing costs<br \/>3. Ongoing concerns about tariffs and their potential impact on global trade<br \/>4. Recent credit rating actions, including Moody&#8217;s downgrade of the U.S. sovereign credit rating to Aa1 from Aaa<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p>The major averages are heading for weekly losses, with the S&#038;P 500 down nearly 2% through Thursday&#8217;s close. The Dow is on pace for a decline of about 1.9%, while the Nasdaq is tracking for a 1.5% slide week to date.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>As global economic uncertainties persist, market participants will continue to monitor developments in fiscal policy, international trade relations, and corporate earnings for direction in the coming weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Based on the information gathered, I&#8217;ll now write the market recap article with the requested formatting: Major Indexes End Week [&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 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