Dow Plunges 1.91%; Transom Capital Acquires SigmaTron for $83 Million
Key Takeaways
- US stocks closed lower on 2025-05-21, with the Dow down 1.91%.
- Transom Capital will acquire SigmaTron International for $83 million.
- Walmart is eliminating 1,500 jobs as part of a restructuring effort.
- Morgan Stanley upgraded Brazil stocks to 'Buy', expecting policy changes.
- OPEC+ considers another large output hike in July 2025.
Top Stories
US stocks closed lower; Dow down 1.91%
On 2025-05-21, Investing.com reported that U.S. stocks closed lower, with the Dow Jones Industrial Average decreasing by 1.91%. This decline was more significant than the 0.27% decrease reported on 2025-05-20.
Transom Capital to acquire SigmaTron for $83 million
On 2025-05-21, it was reported that Transom Capital is set to acquire SigmaTron International for $83 million.
Walmart eliminates 1,500 jobs in restructuring
On 2025-05-21, it was reported that Walmart is eliminating 1,500 jobs as part of a restructuring effort.
Morgan Stanley raises Brazil stocks to Buy
On 2025-05-21, Investing.com reported that Morgan Stanley upgraded Brazil stocks to a 'Buy' rating, citing expectations of policy changes.
OPEC+ discusses another large output hike
According to a Bloomberg News report published on 2025-05-22, OPEC+ is considering another significant output increase in July 2025.
Central Bank Views
BOJ rules out intervention on bond yield spike
On 2025-05-21, a Bank of Japan (BOJ) policymaker dismissed the possibility of intervention to curb the spike in bond yields.
Economic Pulse
Singapore could enter a technical recession
On 2025-05-21, a trade ministry official indicated that Singapore might enter a technical recession.
Risk Radar
Banks' private credit links pose systemic risk
On 2025-05-21, the Boston Fed reported that banks' connections to private credit could create systemic risk. On 2025-05-22, an article discussed a potential fix for the Treasury market, suggesting it might increase systemic risk.
Stock Insights
CoreWeave surged; UNH hit by DOJ probe
On 2025-05-21, CoreWeave experienced a surge in value, while UNH was impacted by a DOJ probe.
abrdn UK Smaller Cos. Growth Trust approves share buyback
On 2025-05-21, Investing.com reported that abrdn UK Smaller Cos. Growth Trust approved a share buyback program.
Xiaomi shares down after CEO's YU7 SUV comments
On 2025-05-22, Investing.com reported that Xiaomi shares declined following comments made by the CEO regarding the launch of the YU7 SUV.
TBB stock hits 52-week low at $21.75
On 2025-05-21, TBB stock reached a 52-week low of $21.75 amid market shifts.
BofA lifts Urban Outfitters' price target to $80
On 2025-05-22, Bank of America (BofA) increased its price target for Urban Outfitters to $80, while maintaining a 'buy' rating.
American Financial Group stock hits 52-week low
On 2025-05-21, American Financial Group stock reached a 52-week low of $16.26.
DA Davidson cuts Target's price target to $125
On 2025-05-22, DA Davidson reduced the price target for Target stock to $125.
BofA sets $24.70 target on CAAP stock
Bank of America (BofA) set a price target of $24.70 on CAAP stock with a 'buy' rating, as reported on 2025-05-22.
Moody’s downgrades Telesat's credit rating
On 2025-05-21, Moody’s downgraded Telesat’s credit rating due to concerns about refinancing.
Third Point to create London-listed insurer
On 2025-05-21, it was reported that Daniel Loeb’s Third Point Investors is in a deal to establish a London-listed insurer.
S&P revises Hershey's outlook to negative
On 2025-05-21, S&P revised Hershey Co.'s outlook to negative, citing high leverage.
Progressive reports strong April earnings, policy growth
Progressive reported strong earnings and policy growth for April 2025, according to a report published on 2025-05-21.
Elliott wins two Board seats at Phillips 66
On 2025-05-21, Elliott Management secured two board seats at Phillips 66, although a complete overhaul was not achieved.
RBC downgrades CAE to Sector Perform
On 2025-05-21, RBC Capital Markets downgraded CAE to 'Sector Perform,' citing full valuation and a lack of catalysts.
APA Corporation announces dividend for shareholders
On 2025-05-21, APA Corporation announced a dividend for its shareholders.
TJX beats sales estimates amid tariff uncertainty
On 2025-05-21, it was reported that off-price retailer TJX exceeded sales estimates despite ongoing tariff uncertainty.
Bond Market
US Treasury auction shows tepid demand
Published on 2025-05-21, the US Treasury auction revealed weak demand, suggesting investor concerns about the tax bill and deficit.
Market Snapshot
Saudi Arabia stocks closed lower; Tadawul down 1.18%
On 2025-05-21, Investing.com reported that Saudi Arabia stocks closed lower, with the Tadawul All Share index down by 1.18%.
Portugal stocks closed lower; PSI down 0.26%
On 2025-05-21, Portugal stocks closed lower, with the PSI index decreasing by 0.26%.