May 22, 2025 U.S. Stock Futures Market: Dow slightly declined, S&P and Nasdaq rose slightly

Taiwan • Business • 05/22 02:50
May 22, 2025 U.S. Stock Futures Market: Dow slightly declined, S&P and Nasdaq rose slightly

On May 22, 2025, at 08:35 Taipei time, the U.S. stock futures market showed a mixed performance. Dow Jones Industrial Average futures dropped 17 points to 41,930, down 0.04%; S&P 500 futures increased by 2.25 points to 5,863.5, up 0.04%; Nasdaq 100 futures edged up 2 points to 21,158.75, up 0.01%. The previous trading day saw major U.S. stock indices generally closing lower, and the slight fluctuations in the futures market reflect investors' cautious stance on the market outlook.

Key Updates

05/24 06:17

Apple's stock price has fallen for eight consecutive days, reducing its market value to the third largest in the world due to the threat of Trump's tariffs, competition in AI, and a weak Chinese market.

Apple Inc. is facing significant market challenges, as its stock price has fallen for eight consecutive days since early May, resulting in a market capitalization loss of over $390 billion, dropping it to the third largest company globally. Former U.S. President Trump has threatened to impose a 25% tariff on iPhones that are not made in the United States. Along with competitive pressure from AI and sluggish sales in the Chinese market, these three pressures are affecting Apple's future strategies and investor confidence.

05/24 02:18

U.S. defense budget expansion exceeds one trillion dollars, sparking a boom in defense stocks: Yuanta Global Aerospace and Defense Technology ETF has risen nearly 25% this year.

The U.S. defense budget has surpassed $1 trillion for the first time, approved on May 22, 2025, with an increase of approximately $150 billion, prompting a swift reaction in global markets. Taiwan's Yuanta Global Aerospace & Defense Technology ETF (00965) was affected, with its stock price reaching a new high of 17.85 USD on May 23, representing a nearly 25% increase since the start of the year. The ETF's holdings primarily consist of major U.S. and European defense contractors, directly benefiting from the budget expansion. Capital flows show active positioning by institutional investors, and international asset management firms have also launched defense-themed ETFs, indicating a growing interest in investing in the defense sector.

05/23 01:47

U.S. stock market futures remained unchanged due to the impact of rising U.S. Treasury yields on market sentiment. Updated on May 23, 2025.

On May 23, 2025, U.S. stock market futures were nearly flat as investors absorbed the surge in long-term U.S. Treasury yields. The 30-year Treasury yield reached 5.16%, and the 10-year yield surpassed 4.6%, marking their highest levels since October 2023. This increase is linked to the U.S. Congress passing tax reform and military spending bills under the Trump administration, heightening concerns about the expanding fiscal deficit, resulting in falling bond prices, rising yields, and a dampening effect on stock market performance.

05/22 23:18

BlackRock and Fidelity suggest gradual investments in U.S. stocks to navigate Trump's uncertain tariff policies.

In the spring of 2025, the US stock market showed resilience as corporate earnings exceeded expectations, but the new tariff policies of the Trump administration increased uncertainty in the global economy. BlackRock and Fidelity recommended a diversified market allocation and restructuring of supply chains to address risks. Profits for S&P 500 companies were strong, and tech stocks rebounded. The tariff policies led to supply chain restructuring and adjustments in capital expenditures, leading to increased inflation and demand for hedging. Investors should adopt asset allocation strategies that focus on defense, income, and growth while focusing on undervalued markets and industries with low policy risk.

05/22 22:48

The U.S. House of Representatives passes Trump's "Big and Beautiful" Act, with the U.S. stock market showing mixed results at the close on May 22.

On May 22, the U.S. House of Representatives passed President Trump's "big and beautiful" tax reform and spending plan with 215 votes in favor and 214 against. The plan could increase the U.S. national debt by about $2.4 trillion over the next decade. On the same day, the three major U.S. stock indices had mixed performances, with the Nasdaq index rising by 53.09 points and the Philadelphia Semiconductor Index falling by 27.24 points. The market's response to the bill's fiscal impact was varied, as investors continued to assess its potential effects, resulting in heightened market volatility.

05/22 18:18

The economic slowdown in the Eurozone and the UK has sparked market concerns, leading to all three major European stock markets closing in the red on May 22nd, 2025.

On May 22, 2025, the major European stock markets fell as investors worried about the economic slowdown in the Eurozone and the UK. The Eurozone's PMI for May dropped to 49.5, marking the first contraction in the services sector since November 2024. The FTSE 100 in London, the DAX in Frankfurt, and the CAC 40 in Paris fell by 0.54%, 0.51%, and 0.58%, respectively. The market was influenced by weak economic data, a worsening U.S. fiscal outlook, and global bond market volatility, resulting in cautious investor sentiment.

05/22 13:49

CNBC Host Jim Cramer Breaks Down the U.S. Stock Market: Thursday's Top 10 Things to Watch

On May 22, 2025, CNBC's "Mad Money" host Jim Cramer highlighted the top ten concerns in the U.S. stock market, including the setback of Trump's tax reform, changes in solar industry tax policies, layoffs at Walmart, Marvell's rating downgrade, Urban Outfitters' impressive earnings, Snowflake's earnings surpassing expectations, doubts about Alphabet's search business, Target's market share decline, VFC Corp's weak forecasts, and TJX's benefit from price advantages. These observations reflect the market's concerns about inflation, interest rates, and technological innovation.

05/22 10:19

The surge in U.S. Treasury yields triggers an asset sell-off, while stock index futures rebound during early trading on May 22, 2025.

On May 22, 2025, the yields on the U.S. 20-year and 30-year Treasury bonds exceeded 5%, raising concerns about the U.S. fiscal health and putting pressure on the stock and bond markets, as well as the dollar. The Dow Jones Industrial Average dropped more than 800 points the day before, but stock index futures showed slight stabilization in early Thursday trading. The increase in yields is linked to weak demand at the 20-year Treasury auction, the Trump administration's tax reform policies, and the expanding budget deficit, undermining market confidence in U.S. assets.

05/22 06:51

May 22, 2025, U.S. Stock Futures Market: Dow Jones down, S&P 500 up, Nasdaq 100 fluctuating (in Taipei Time)

On May 22, 2025 (Taipei time), the futures of the three major U.S. stock indices were mixed. Dow Jones Industrial Average futures stood at 41,951 points, up 4 points (+0.01%); S&P 500 futures stood at 5,870 points, up 8.75 points (+0.15%); Nasdaq 100 futures stood at 21,197.25 points, up 40.5 points (+0.19%). According to MoneyDJ data at 1:31 PM, the market stabilized in the afternoon, with the Nasdaq leading the gains. The previous day's spot market had declined across the board due to factors like the fiscal deficit, causing volatility in the futures market's early trading session.

05/22 02:50

May 22, 2025 U.S. Stock Futures Market: Dow slightly declined, S&P and Nasdaq rose slightly

On May 22, 2025, at 08:35 Taipei time, the U.S. stock futures market showed a mixed performance. Dow Jones Industrial Average futures dropped 17 points to 41,930, down 0.04%; S&P 500 futures increased by 2.25 points to 5,863.5, up 0.04%; Nasdaq 100 futures edged up 2 points to 21,158.75, up 0.01%. The previous trading day saw major U.S. stock indices generally closing lower, and the slight fluctuations in the futures market reflect investors' cautious stance on the market outlook.

Overview of Early Trading in U.S. Stock Futures

The following is a summary of the early trading trends in U.S. stock futures. According to the latest data provided by MoneyDJ at 08:35 AM on May 22 (Taipei time), the performance of the three major U.S. stock futures is as follows:

  • Dow Jones Industrial Average Futures (DJIA Futures) reported at 41,930 points, down 17 points, a decrease of 0.04%.
  • S&P 500 Futures reported at 5,863.5 points, up 2.25 points, an increase of 0.04%.
  • NASDAQ 100 Futures reported at 21,158.75 points, up 2 points, an increase of 0.01%.

This data indicates that despite a noticeable decline in the U.S. stock spot market on the previous trading day, the futures market showed relative stability during overnight trading, with only slight fluctuations.

Market Review of the Previous Trading Day

On May 21, all three major U.S. indices fell. According to quotes provided by MoneyDJ at 12:35 PM (Taipei time) on that day:

  • Dow Jones Industrial Average reported at 42,643 points, down 129 points, a decrease of 0.30%.
  • S&P 500 Index reported at 5,939.5 points, down 20.25 points, a decrease of 0.34%.
  • NASDAQ 100 Index reported at 21,360.5 points, down 86.75 points, a decrease of 0.40%.

This decline was mainly driven by the expansion of the U.S. fiscal deficit and the rise in bond yields. According to The Globe and Mail, the 10-year U.S. Treasury yield rose to 4.603% on May 21, reaching a three-month high, reflecting market concerns about government fiscal policy.

Recent Market Background and Influencing Factors

Recent fluctuations in the U.S. stock market are closely related to the following factors, as reported by Trading Economics and The Globe and Mail:

  1. Fiscal Deficit and Debt Ceiling Issues: The new budget proposal by the U.S. government has raised market concerns about the expansion of the deficit, leading to a rise in bond yields, which in turn suppresses stock market performance.
  2. Inflation and Interest Rate Expectations: The UK's April CPI annual growth rate reached 3.5%, higher than market expectations, further heightening global market concerns about inflation pressures. In the U.S., the market is still watching whether the Federal Reserve will initiate rate cuts in the second half of the year.
  3. Corporate Earnings and Individual Stock Performance: Despite overall market pressure, some companies have shown outstanding performance. For example, Alphabet (GOOGL) received positive reviews for AI-related activities, with its stock price rising over 2%; Dycom Industries (DY) saw a significant increase of 14% due to better-than-expected revenue.

Investment Sentiment Reflected in the Futures Market

According to quotes provided by Markets Insider at 11:50 AM Taipei time on May 22 (11:50 PM Eastern Time on May 21), U.S. stock futures had already experienced a slight rebound:

  • Dow Jones Futures reported at 41,960 points, up 0.18%.
  • S&P 500 Futures reported at 5,867 points, up 0.14%.
  • NASDAQ 100 Futures reported at 21,176.5 points, up 0.15%.

These figures align with the quotes from MoneyDJ at 08:35, indicating that the futures market remained stable during the Asian trading session, with investor sentiment slightly recovering.

Observations of Other Markets

In addition to U.S. stock futures, the performance of other markets also provides background information for investors:

  • According to Yahoo Finance, as of 9:00 PM Eastern Time on May 21, the Dow Jones Industrial Average fell 362.67 points (-0.85%), the S&P 500 Index fell 34.90 points (-0.59%), and the NASDAQ Composite Index fell 113.98 points (-0.60%).
  • TSMC ADR fell 0.39% to $192.69.
  • New York Light Crude Oil prices rose 1.02% to $62.66 per barrel.
  • The U.S. Dollar Index fell to 99.49, indicating a weakening dollar.

References

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