The S&P 500 continued lower for a third-straight week as the index fell 3.1%. International developed markets returned 3.1% on the week as emerging markets posted a 2.9% gain, further extending international markets’ lead relative to the U.S. in 2025.
U.S. Treasury yields ended the week higher after several weeks of declines. The 10-year rose by 0.12% to 4.31% while the 2-year ended only modestly higher at 3.99%.
Amid a hectic week of market-moving news, the implementation and delay of tariffs and the February jobs report were most impactful.
A look ahead
Attention will turn toward inflation figures for the month of February as Consumer and Producer Price Indexes (CPI and PPI) will be released this week. Expectations are for prices to have modestly cooled during the month.
The Monthly Treasury Statement release for February will also be in the spotlight this week as the U.S. government deficit has gained more attention from investors in recent months.
Economic releases: CPI, PPI, NFIB Small Business Optimism, Consumer Sentiment.
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