Day Traders Diary

5/22/25

The major averages are rebounding today after a sharp selling off on Wednesday as investors do not like the back up in interest rates amid worries about a ballooning U.S. deficit. The Dow Jones Industrial Average closed down a point after being up 150 points in the last hour. The S&P 500 lost 2 points while the Nasdaq Composite held on to its advances, up 53 points.

The 30-year Treasury yield hit its highest since October 2023 as lawmakers passed a bill that investors fear could worsen the U.S. deficit. The 30-year Treasury shed 4 basis points to 5.05%, topping 5.14% this morning, its highest level since October 2023. The 10-year Treasury yield was down 6 basis points to 4.53%. The 2-year Treasury yield was lower by nearly 3 basis points to 3.99%.

Earnings are still coming out particularly from the retail space. William Sonoma was down 9% today while Advance Auto and Urban Outfitters had great day. Higher rates have hurt the utility space. Healthcare has been under pressure led by UnitedHealth Group. Tech and the banks were higher.

In the commodity space, oil fell a percent hovering around the lows for the year. Gold was down half a percent while bitcoin keeps rising, up 3% to a new closing high.