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Last Call - May 21, 2025 - 10-Year Treasury Auction Triggers Market Selloff

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Manage episode 484058688 series 68544
Content provided by tastylive. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by tastylive or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Market Tumbles on Weak Bond Auction Broad-based selling hit markets Wednesday following a poorly received Treasury auction. The E-mini S&P 500 fell 110 points, NASDAQ dropped 300 points, while the Russell 2000 led declines, shedding 58 points (-3%). Bond yields surged as prices fell to 110.29, marking their lowest level since April's previous bottom of 111.16. Volatility spiked 7%, reflecting heightened market concern. Among notable movers, Reddit (RDDT) plunged nearly 10%, UnitedHealth (UNH) dropped 18 points, and Costco fell $10. Google (GOOGL) bucked the trend, gaining nearly $5. Gold rallied $41 as a safe haven. Upcoming earnings from Snowflake and Zoom will face headwinds from today's selloff, with both stocks showing significant intraday volatility ahead of their reports.
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1622 episodes

Artwork
iconShare
 
Manage episode 484058688 series 68544
Content provided by tastylive. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by tastylive or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Market Tumbles on Weak Bond Auction Broad-based selling hit markets Wednesday following a poorly received Treasury auction. The E-mini S&P 500 fell 110 points, NASDAQ dropped 300 points, while the Russell 2000 led declines, shedding 58 points (-3%). Bond yields surged as prices fell to 110.29, marking their lowest level since April's previous bottom of 111.16. Volatility spiked 7%, reflecting heightened market concern. Among notable movers, Reddit (RDDT) plunged nearly 10%, UnitedHealth (UNH) dropped 18 points, and Costco fell $10. Google (GOOGL) bucked the trend, gaining nearly $5. Gold rallied $41 as a safe haven. Upcoming earnings from Snowflake and Zoom will face headwinds from today's selloff, with both stocks showing significant intraday volatility ahead of their reports.
  continue reading

1622 episodes

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