The S&P 500 netted a +5.73% gain last week, following a -9.05% prior week plunge. The partial rebound narrows the correction pullback to -12.7% below its February 19 peak. Last week, the tech-heavy Nasdaq Composite jumped +7.30% while the Dow Jones Industrial Average gained the least, up +4.97%. Obviously, the back-and-forth on the tariff situation along with corresponding uncertainty is having its’ way with our markets. As we discussed the last time we spoke, it’s going to take an adjustment period to calm things down. That may be underway. We’ve had 2 days in a row with positive stock movement! President Trump’s flexibility with a reprieve on the tariff implementation time frame and accommodations to certain industries (e.g., Automotive) allowing extra time for supply chain changes from heavily tariffed suppliers to lesser tariffed are allowing some encouragement for the markets.
Other positive factors: -over the last 2 weeks, inflation and jobs data have been positive for the economy.
We’re monitoring closely,
Tom & Meg
The views stated in this post are not necessarily the opinion of Cetera Advisor Networks LLC and should not be construed directly or indirectly as an offer to buy or sell any securities mentioned herein. Due to volatility within the markets mentioned, opinions are subject to change without notice. Information is based on sources believed to be reliable; however, their accuracy or completeness cannot be guaranteed. Past performance does not guarantee future results. S&P 500 – A capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The NASDAQ Composite Index tracks the performance of approximately 2,500 stocks listed on the NASDAQ exchange. It's a broad index heavily weighted towards the technology sector. The Dow Jones Industrial Average (DJIA) is a major stock market index that tracks 30 blue-chip companies in the U.S. with consistently stable earnings; these companies are listed on the New York Stock Exchange (NYSE) and Nasdaq exchanges. Investors cannot invest directly in indexes. The performance of any index is not indicative of the performance of any investment and does not take into account the effects of inflation and the fees and expenses associated with investing.