2 weeks Ago
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traviswolfe/iStock via Getty Images Wall Street on Friday slumped to a four-week losing streak, as sentiment continued to be slammed by jitters over the trade war and an economic downturn. Favorable inflation data did little to alter the mood, and market participants now turn their attention to next week's Federal Reserve interest rate decision. The week started with 2025's biggest selloff, as recession fears drove the benchmark S&P 500 ( SP500 ) down nearly 3% and the tech-heavy Nasdaq Composite ( COMP:IND ) down 4%.
The selling only intensified over the next few days, as U.S. President Donald Trump went back and forth on tariffs and engaged in increasingly aggressive rhetoric with top trading partners.
Things came to a head on Thursday, with the S&P sliding into correction territory for the first time since late 2023. In a bright spot, both the consumer and producer inflation reports for February came in softer than anticipated, providing some relief. All eyes are now on the Fed, whose monetary policy committee will kick off a two-day meeting on Tuesday.
The central bank is expected to keep its key policy rate steady, and the focus will be more on Chair Jerome Powell's remarks about the economy and Trump's tariffs. For the week, the S&P ( SP500 ) slipped -2.3% , while the tech-heavy Nasdaq Composite ( COMP:IND ) slumped -2.
4% . The blue-chip Dow ( DJI ) cratered -3.1% .
Read a preview of next week's major events in Seeking Alpha's Catalyst Watch. Seeking Alpha's Calls Of The Week SPYI Vs. JEPI : One Of These ETFs Is Highly Overrated, The Other Is Reliable .
Excellent Entry Point - Amazon ( AMZN ) Stock Is Oversold, Time To Be Greedy . Staples Back In Favor, PepsiCo's ( PEP ) My Pick On Low-Risk Upside Potential . Exxon Mobil ( XOM ) Is Overvalued, But I'm Upgrading On Technical Strength .
Churchill Downs ( CHDN ): The Legendary Racetrack Owner Continues Thriving . Mattel ( MAT ) Has Good Long-Term Outlook, But Is A Short-Term Hold For Now . Altria ( MO ) Is Technically Overbought, Temporary Near-Term Headwinds Likely .
Axon Enterprise ( AXON ): Robust Growth Potential, But Shares Are Overvalued . I'm Bearish On Trade Desk ( TTD ) As Valuation Is Stretched, Growth Is Uncertain . U.
S. Global Jets ETF ( JETS ): It's Time To Take Profits And Sell Airline Stocks . Weekly Movement U.
S. Indices Dow -3.1% to 41,488.
S&P 500 -2.3% to 5,639. Nasdaq -2.
4% to 17,754. Russell 2000 -1.7% to 2,041.
CBOE Volatility Index -6.9% to 21.77.
S&P 500 Sectors Consumer Staples -4.3% . Utilities +1.
9% . Financials -1.3% .
Telecom -3.5% . Healthcare -3% .
Industrials -2.4% . Information Technology -2.
1% . Materials -2.2% .
Energy +2.6% . Consumer Discretionary -3.
7% . Real Estate -2.6% .
World Indices London -0.6% to 8,632. France -1.
1% to 8,028. Germany -0.1% to 22,987.
Japan +0.5% to 37,053. China +1.
4% to 3,420. Hong Kong -1.1% to 23,960.
India -0.7% to 73,829. Commodities and Bonds Crude Oil WTI +0.
2% to $67.18/bbl. Gold +3% to $3,001.
1/oz. Natural Gas -6.7% to 4.
104. Ten-Year Bond Yield -0.2 bps to 4.
318. Forex and Cryptos EUR/USD +0.43% .
USD/JPY +0.4% . GBP/USD +0.
09% . Bitcoin -2.% .
Litecoin -9.8% . Ethereum -12.
5% . XRP +5.7% .
Top S&P 500 Gainers Intel ( INTC ) +17% . Super Micro Computer ( SMCI ) +10% . The AES Corporation ( AES ) +9% .
ConocoPhillips ( COP ) +9% . Vistra ( VST ) +9% . Top S&P 500 Losers Teradyne ( TER ) -20% .
Delta Air Lines ( DAL ) -12% . Adobe ( ADBE ) -12% . Expedia Group ( EXPE ) -12% .
United Airlines Holdings ( UAL ) -11% . Where will the markets be headed next week? Current trends and ideas? Add your thoughts to the comments section..
