CNBC Business News Update Market Close: Stocks Mostly Flat, Bitcoin Hits Fresh Record, Existing Home Sales Slowest In 16 Years 5/22/25
May 22, 2025
The podcast covers a steady stock market while Bitcoin rockets to new heights. It highlights the slowest home sales in 16 years, raising questions about the housing market's stability. Listeners get insights into Apple's latest innovations and how weather forecasts impact investor strategies. Additionally, it touches on job market challenges, making sense of the economic landscape from Wall Street to Main Street.
AI Snips
Chapters
Transcript
Episode notes
Bond Yields Impact Stocks
- Bond yields dropped Thursday, allowing stocks to rise slightly on Friday morning.
- Major averages remained mostly unchanged, with slight moves in Dow, S&P, and Nasdaq.
Solar Stocks Hit by Tax Credit Cuts
- The new budget bill in the House removed some solar tax credits, hurting solar stocks.
- Sunrun's shares dropped more than a third on Thursday as a result.
Bitcoin Soars, Jobs Stay Strong
- Bitcoin reached a new record high above $111,000 on Thursday.
- Unemployment claims slightly decreased last week, showing the job market remains resilient.