U.S. Stock Futures Lower Following House Passage Of Trump Tax Bill -- Market Talk

Dow Jones

2025/05/22

0808 ET - U.S. stock futures are lower after the House passes President Trump's tax-and-spending package with last-minute changes by Republican leaders. Stocks sold off sharply on Wednesday following a disappointing Treasury bond auction. Treasurys extend the selloff this morning, pushing up yields, with the benchmark 10-year yield topping 4.6% and the 30-year rising further above 5%. On the data front later this morning, preliminary purchasing managers indexes covering manufacturing and services will provide an early read on the economy in May. Among early stock movers, Advance Auto Parts surges 34% premarket after the car-parts retailer reaffirms fiscal-year guidance. S&P futures are off 9 points. (patrick.sheridan@wsj.com)

(END) Dow Jones Newswires

May 22, 2025 08:08 ET (12:08 GMT)

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