US STOCKS-Wall Street stocks slip, rising US Treasury yields in focus

Reuters
2025.05.20 20:26
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U.S. stocks fell on Tuesday, with the S&P 500 ending a six-session winning streak, pressured by rising Treasury yields. The Dow dropped 0.27%, S&P 500 down 0.39%, and Nasdaq fell 0.38%. President Trump urged Republican lawmakers to pass a tax-cut bill, potentially increasing federal debt. Home Depot reversed gains despite a strong Q1 sales report, while Tesla rose after Musk reaffirmed his CEO commitment. Analysts expect two Fed rate cuts by 2025, with the 10-year Treasury yield rising to 4.481%.