Markets Between Stability and Storm: Trump's Tax Reform Passes the House of Representatives - Bitcoin Hits all-Time High - Solar Stocks Crash Following Trump Package - Snowflake Shines - Mortgage Giants Fannie Mae and Freddie Mac Rise by Over 20%.
Reading Time: 8 minutes
The U.S. markets showed early signs of stabilization on May 22, after a drastic decline in government bonds had shaken global financial markets the day before. The S&P 500 (-0.13 %) , Nasdaq 100 (-0.54 %), Dow Jones (+0.06 %) hardly moved, while longer-term U.S. Treasuries recovered from their daily lows. After the largest stock decline in a month, investor nervousness seemed to wane. The US dollar ended its three-day phase of weakness, and Bitcoin (+1.3 %) once again broke the $111,000 mark. DAX (-0.72 %) weakens - Profit-taking and weak...
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