Market Week: March 10, 2025

The Markets (as of market close March 7, 2025)

Stocks suffered through their worst week since September, with each of the benchmark indexes listed here falling more than 2.3% with the exception of the Global Dow, which gained less than 1.0%. Investors faced trade tensions, policy uncertainty, and a slightly weaker-than-expected jobs report. Each of the market sectors declined last week, with the exception of health care. Information technology dropped more than 7.4%. Last Friday, reassurance from Fed Chair Jerome Powell that the economy remained solid helped quell some of the angst among investors, which helped push bond yields higher at week's end. Crude oil prices rallied on Friday but not enough to prevent a weekly decline of over 4.0%.

The stock market began last week on a sour note following President Trump's affirmation that tariffs on Canada and Mexico would take effect early last week. Stocks saw a major drop in value as investors feared the new tariffs would negatively impact the economy. The S&P 500 (-1.8%) had its worst day since December. The NASDAQ fell 2.6%, and the Dow lost 1.5%. The small caps of the Russell 2000 plunged 2.8%. The Global Dow rose 0.2%. Tech and energy shares led the sell-off. The yield on 10-year Treasuries dipped 5.1 basis points to 4.18% as investors moved toward government bonds. Crude oil prices fell 2.1% to settle at $68.36 per barrel, marking the lowest price this year. The dollar index dipped 1.0%, while gold prices rose nearly 2.0%.

Stocks continued to tumble lower last Tuesday as investors reacted to escalating trade tensions. The Global Dow and the Dow each fell 1.6%, followed by the S&P 500 (-1.2%), the Russell 2000 (-1.1%), and the NASDAQ (-0.4%). Ten-year Treasury yields settled at 4.20%. Crude oil prices declined to $68.28 per barrel. The dollar index lost 1.0% against a basket of world currencies, while gold prices rose 0.9%.

Investors moved back to equities last Wednesday after President Trump announced a one-month exemption on auto tariffs for Mexico and Canada. The Global Dow reversed the prior day's downturn, climbing 1.8%, followed by the NASDAQ, which rose 1.5%. The Dow and the S&P 500 each advanced 1.1%, while the Russell 2000 climbed 1.0%. Ten-year Treasury yields added 5.5 basis points to reach 4.26%. Crude oil prices dropped 2.7% to $66.45 per barrel. The dollar fell 1.3%, while gold prices ticked up 0.3%.

Wall Street couldn't maintain momentum from the previous day as stocks declined. Investors appeared anxious as uncertainty over tariffs prevailed. Tech stocks led the downturn. The NASDAQ lost 2.6% on the day and more than 10.0% from its December high, plunging that index into correction territory. The S&P 500 dropped 1.8%, the Russell 2000 declined 1.6%, and the Dow fell 1.0%. The Global Dow eked out a 0.1% gain. Yields on 10-year Treasuries ticked up to 4.28%. Crude oil prices stemmed losses, settling at about $66.28 per barrel. The dollar dipped 0.1%, and gold prices fell 0.2%.

Stocks rebounded last Friday to end a volatile week of trading. The NASDAQ led the benchmark indexes listed here after climbing 0.7%. The S&P 500 rose 0.6%, the Dow gained 0.5%, the Russell 2000 added 0.4%, and the Global Dow inched up 0.2%. Ten-year Treasury yields gained 3.1 basis points to close at 4.31%. Crude oil prices advanced 1.0%, while both the dollar and gold prices fell.

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• LAST WEEK'S ECONOMIC NEWS
• EYE ON THE WEEK AHEAD

Wendy Nelson, CEO of Wind River Wealth Advisors, aims to provide beneficial investment management, retirement planning, financial planning, asset management, and portfolio management to protect your money with knowledgeable strategies and plans by utilizing a personal independent financial advisor.