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Wall Street today: US stocks edge lower as investors focus on Trump's tax bill

Published on: May 21, 2025, 8:10 pm

Source: LiveMint

Wall Street’s key indices opened lower on Wednesday, as markets awaited the outcome of a debate around US President Donald Trump's tax-cut bill.

As of 10:10 AM Eastern time, the S&P 500 was down 0.4%, the Dow Jones Industrial Average lost 0.7%, and the Nasdaq Composite fell 0.2%.

At the opening bell, the Dow Jones Industrial Average fell 322.8 points, or 0.76%, to 42,354.46. The S&P 500 fell 30.3 points, or 0.51%, to 5,910.18, while the Nasdaq Composite dropped 139.8 points, or 0.73%, to 19,002.942.

In the bond market, the yield on the 10-year Treasury gained to 4.52% from 4.48% late on Tuesday.

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