Stock Market Update
12-May-25 14:30 ET
Stocks hold steady as Treasury reports $258.4B April surplus; Deficit still up 22% YTD
Dow +1111.35
at 42360.73,
Nasdaq +753.61
at 18682.53,
S&P +175.35
at 5835.26
[BRIEFING.COM] Trading has held firm, mostly unchanged over the prior half hour following the release of the April Treasury Budget which hit at the bottom of the hour. Currently, the S&P 500 (+3.10%) is in second place, up about 175 points.
The Treasury Budget for April showed a surplus of $258.4 billion compared to a surplus of $209.5 billion in the same period a year ago. The April deficit resulted from receipts ($850.1 billion) exceeding outlays ($591.8 billion). The Treasury Budget data are not seasonally adjusted so the April surplus cannot be compared to the March deficit of $160.5 billion.
The key takeaway from the report is that there was some relief on the deficit side of things with tax receipts swelling in April; however, the budget deficit at this point in the fiscal year is still 22% greater than in fiscal 2024.
