U.S. Stocks Fall Amid Budget, Tariff Worries -- Market Talk

Dow Jones05-24

1611 ET - U.S. stocks deepen their losses ahead of Memorial Day amid concerns over the fiscal deficit. Trump threatens the EU with 50% tariff and cellphone makers with a 25% levy on imported phones. Apple falls 3%. The utilities sector rises 1% as Trump signs executive orders cutting red tape for nuclear energy. Nuclear plant makers Oklo and Nano Nuclear Energy rise 23% and 30%, respectively. Deckers Outdoor falls 20% after reporting disappointing sales on its Hoka brand. The three major indexes fall more than 2% this week, their largest weekly decline since April. Today, Nasdaq falls 1%, to 18737; DJIA sheds 256 points, or 0.6%, to 41603; and the S&P 500 falls 0.7%, to 5803. (paulo.trevisani@wsj.com; @ptrevisani)

(END) Dow Jones Newswires

May 23, 2025 16:11 ET (20:11 GMT)

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