The Dow Jones Industrial Average dropped 0.2% on Tuesday as the broader market pulled back, threatening the S&P 500’s six-day win streak. Despite the decline, Home Depot gained 1% after reporting stronger-than-expected quarterly sales, maintaining its 2025 outlook, and easing concerns over weaker profit estimates.
U.S. Stock Market Declines as S&P 500’s Win Streak Is Tested
Key movements in major indexes and individual stocks from this week, May 21, 2025:
- Market Decline: The Dow Jones Industrial Average fell 0.2%, the S&P 500 lost 0.3%, and the Nasdaq composite dropped 0.4%, threatening the S&P 500’s six-day win streak.
- Home Depot Earnings: Despite reporting slightly worse-than-expected profit, Home Depot stock rose 1% after quarterly sales topped estimates and the company maintained its 2025 outlook.
- Home Depot reported less than expected earnings. This is in line with what we reported 5 weeks ago for PPI and Residential Construction Trends.
- Other Earnings Movers: Amer Sports surged 19%, while Lowe’s, Target, Palo Alto Networks, Snowflake, and Workday are expected to report earnings later this week.
- Treasury Yields & Oil Prices: The 10-year Treasury yield ticked up to 4.49%, while West Texas Intermediate crude traded around $62.60 per barrel.
- Monday’s Market Performance: The Dow Jones gained 137 points, the S&P 500 rose 0.1%, and the Nasdaq edged higher, continuing recent market strength.
The article also highlights top stocks to watch, including Birkenstock, Spotify, Robinhood, Axon Enterprise, Apple, Nvidia, Amazon, and Microsoft. Would you like insights on any of these stocks?
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