Stock Market Update

12-May-25 15:30 ET

Stocks hold near highs ahead of close

Dow +1106.28 at 42355.66, Nasdaq +738.89 at 18667.81, S&P +174.27 at 5834.18

[BRIEFING.COM] The Dow Jones Industrial Average (+2.7%), the S&P 500 (+3.0%), and the Nasdaq Composite (+4.0%) are at session highs with 30 minutes left in the session.

A short time ago, House Republicans released text of the large reconciliation bill which includes an extension of 2017 tax cuts for all income levels, spending cuts (Medicaid and green energy spending), energy reform, immigration reform, and a debt ceiling increase of $4 trillion.

The 10-yr yield settled eight basis points higher at 4.46% and the 2-yr yield settled 12 basis points higher at 4.00%.

Looking ahead to Tuesday, market participants receive the following economic data:

6:00 ET: April NFIB Small Business Optimism Index (prior 97.4)
8:30 ET: April CPI (Briefing.com consensus 0.3%; prior -0.1%) and Core CPI (Briefing.com consensus 0.3%; prior 0.1%)