Weekly Market Report (March 02, 2025) - Insights and Forecasts
Dive into the market analysis for March 02, 2025, covering SPY, QQQ, IWM, and the week’s key economic data. Stay ahead with expert insights and forecasts.
Weekly Market Report for March 02, 2025
In the last week of February, the stock market had a mixed performance. The Nasdaq fell sharply by 3.5%, the S&P 500 dropped by 1.0%, and the Dow ended the week with a small gain after recovering from earlier losses. This downturn was partly due to heavy selling in large companies, including NVIDIA, which saw its shares drop by 7.1% after disappointing earnings. Investors were also worried about inflation, slower growth, and new tariffs announced by President Trump on imports from Canada, Mexico, and China. Economic reports showed a decline in consumer confidence, falling home sales, and reduced personal spending, which led to a lower forecast for economic growth. At the same time, bond prices rose and oil prices dropped, reflecting broader concerns about the economy.
Weekly Market Heatmap
Weekly Sector Performance
Looking Ahead to the Upcoming Week
This week brings a mix of high-profile earnings and important economic data. On the earnings front, key reports include Target, On Holding, and Best Buy before Tuesday’s open, with AI, EVgo, and CrowdStrike posting results after the market closes. Wednesday features earnings from Affirm, Peloton, Wayfair, and VMware, among others. In terms of economic events, the week kicks off with final Manufacturing PMI and ISM Manufacturing data, followed by ADP Non-Farm Employment Change midweek. The main highlight arrives on Friday with the release of the Non-Farm Payrolls, unemployment rate, and average hourly earnings, alongside remarks from Fed Chair Powell—data and commentary that could significantly influence market sentiment and rate expectations.
Economic Events
Earnings Event
Market Health
The market currently is in a sell mode.
Broader Market - SPY, QQQ, IWM, MDY
All four ETFs—SPY, QQQ, IWM, and MDY—are trading below their 10-day and 20-day SMAs, reflecting short-term weakness across large-cap, tech-heavy, small-cap, and mid-cap segments. In each case, the 10-day SMA is converging with or crossing below the 20-day SMA, suggesting a bearish tilt. This signals potential continued pressure unless buyers step in to push prices back above these short-term moving averages.
Watch List
To be provided on X:
Disclaimer: This newsletter is not trading or investment advice, but for general informational purposes only. This newsletter represents our personal opinions that we share publicly for educational purposes. Futures, stocks, and bonds trading of any kind involves a lot of risks. No guarantee of any profit whatsoever is made. In fact, you may lose everything you have. So be very careful. We guarantee no profit whatsoever, You assume the entire cost and risk of any trading or investing activities you choose to undertake. You are solely responsible for making your own investment decisions. Owners/authors of this newsletter, its representatives, its principals, its moderators, and its members, are NOT registered as securities broker-dealers or investment advisors either with the U.S. Securities and Exchange Commission, CFTC, or with any other securities/regulatory authority. Consult with a registered investment advisor, broker-dealer, and/or financial advisor. By reading and using this newsletter or any of my publications, you are agreeing to these terms. Any screenshots used here are courtesy of ForexFactory, EarningsHub, Finviz, ThinkorSwim, and/or Tradingview. We are just end-users with no affiliations with them.