Wall Street Futures Show Mixed Trends

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Find out what happening right now and get all the pieces of the puzzle on important data activity before the major news sources break the story and see what are the trends
 

•  22 May 2025
 

Wall Street futures are trading with mixed signals today, stabilizing after sharp losses sparked by weak demand in a 20-year U.S. Treasury bond auction. Yields spiked, with the 10-year climbing to 4.59% and the 30-year to 5.09%—levels not seen since 2023. Investors are now watching bond yields closely, especially as renewed tensions between the U.S. and China over semiconductors add more uncertainty to the markets.

Futures on the Dow Jones are down 0.2%, while S&P 500 and Nasdaq futures hover near the flat line.

Trump Tax Reform Sparks Selloff in Renewable Energy Stocks
A new Republican-led tax reform initiative—championed by former President Trump—has rocked the renewable energy sector, leading to a steep selloff. The proposed legislation threatens to eliminate clean energy tax incentives enacted during the Biden administration. If passed, it could severely impact companies like SolarEdge, Enphase Energy, First Solar, Doral, Enlight, and Energix.

The result?
SolarEdge ($SEDG) plummets 16.5%
Enphase Energy ($ENPH) dives 18%
First Solar ($FSLR) falls 5%

This marks a major blow to companies supplying solar infrastructure and cloud-based optimization services, many of which have benefited from a favorable tax environment—until now.

Key Movers on Wall Street Today
Alphabet ($GOOGL) rises 0.6% in early trading after a 2.8% gain yesterday, as optimism builds around the company’s AI developments, including the new "AI Mode" in its search engine.

Snowflake ($SNOW) surges nearly 9% after reporting stronger-than-expected earnings and crossing $1B in quarterly revenue for the first time.

Lumen Technologies ($LUMN) jumps 11% after AT&T agreed to buy its residential fiber network for $5.75B in cash.

Nike ($NKE) edges up 0.7% after announcing a return to Amazon's U.S. store, resuming a partnership paused since 2019.

Health insurance stocks are under pressure after U.S. regulators announced expanded audits of Medicare Advantage plans: UnitedHealth ($UNH) drops 3.5% Humana ($HUM) falls 4.8% CVS Health ($CVS) loses 3.4%

Urban Outfitters ($URBN) soars 17% following a strong Q1 earnings beat across all major brands—Anthropologie, Free People, and Urban Outfitters.

Ralph Lauren ($RL), Deckers Outdoor ($DECK), and Williams-Sonoma ($WSM) among others await their quarterly reports later today.

CoreWeave and Cloud Infrastructure Rally Continues
AI infrastructure provider CoreWeave is up another 1.5% today, after a 19% spike yesterday. The company announced a $2B senior bond offering with a 9.25% interest rate, maturing in 2030—underscoring robust demand for AI-related cloud infrastructure.

Coming Up: Key Earnings Reports
Intuit ($INTU)
Analog Devices ($ADI)
Workday ($WDAY)
Autodesk ($ADSK)
Ross Stores ($ROST)
BJ’s Wholesale Club ($BJ)
Advance Auto Parts ($AAP)
Deckers Outdoor ($DECK)
Ralph Lauren ($RL)