Market stumbles amid fears Trump tax bill will hurt US deficit

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Market stumbles amid fears Trump tax bill will hurt US deficit

Stocks, bonds and the dollar fell as Republicans in Congress tried to advance President Donald Trump’s “big, beautiful” tax bill, while concerns mount about the premier status of American assets. The Dow closed lower by 817 points, or 1.91%. The broader S&P 500 slid 1.61% and the tech-heavy Nasdaq Composite fell 1.41%. The three major indexes each posted their worst day in one month. #CNN #News

Date: May 22, 2025