New York, May 22, 2025 (AFP) - US stocks dip as bond yields rise on Trump tax bill progress

NAMPA / AFP

2025-05-22

Wall Street stocks edged lower early Thursday after the House of Representatives approved President Donald Trump's sweeping tax relief, sparking further increases in US Treasury bond yields. About 20 minutes into trading, the Dow Jones Industrial Average was down 0.1 percent at 41,829.75. The broad-based S&P 500 also declined 0.1 percent to 5,837.36, while the tech-rich Nasdaq Composite Index shed 0.4 percent to 19,535.10. The bill extends for 1......

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