Weekly Market Report (March 09, 2025) - Insights and Forecasts
Dive into the market analysis for March 09, 2025, covering SPY, QQQ, IWM, and the week’s key economic data. Stay ahead with expert insights and forecasts.
Market Report for March 09, 2025
It was a tough week for the stock market, with major indices falling between 2.4% and 4.1% amid ongoing worries over tariffs and sluggish growth. Trade tensions flared as tariffs on Canada, Mexico, and China rose, sparking concerns that higher prices could hurt consumer demand. Although some Canadian and Mexican goods were exempted until April, companies like Target added to growth fears by warning about potential price increases. Economic data was mixed: manufacturing activity slowed, services activity exceeded expectations, and the February employment report provided no clear direction with modest job gains and a slight uptick in the unemployment rate to 4.1%. Technically, the S&P 500 briefly dipped below its 200-day moving average, the Russell 2000 and Nasdaq Composite sank further into correction territory, and most sectors ended lower, led by financials, consumer discretionary, and energy. Health care was the lone sector to eke out a gain, and Treasuries also declined, pushing the 10-year yield up to 4.32% while the 2-year held at 4.00%.
Weekly Market Heatmap
Weekly Sector Performance
Looking Ahead to the Upcoming Week
Next week’s calendar is packed with closely watched economic releases and high-profile earnings reports. On the economic front, JOLTS job openings kick things off on Monday, followed by the all-important CPI data on Tuesday and PPI on Wednesday, which will offer fresh insights into inflationary pressures. Weekly unemployment claims arrive Thursday, and the University of Michigan’s preliminary consumer sentiment and inflation expectations on Friday will round out the macro picture. Meanwhile, investors will also be keeping an eye on a flurry of earnings announcements from companies across various sectors, including BioNTech (BNTX) and Oracle on Monday, Kohl’s (KSS) and Ciena (CIEN) on Tuesday, ZIM and Adobe (ADBE) on Wednesday, Dollar General (DG) on Thursday, and Li Auto (LI) on Friday, among others. This combination of critical economic indicators and corporate results is likely to shape market sentiment and guide trading activity throughout the week.
Economic Events
Earnings Event
Market Health
Based on our Market Internals, the market continues to be in a Sell Mode.
Sell Mode is when a weak market repeatedly fails to break out due to insufficient buyer strength.
Broader Market - SPY, QQQ, IWM, MDY
All four major ETFs—SPY, QQQ, IWM, and MDY—are trading below their 10-day and 20-day SMAs, indicating short-term weakness, and either sitting near or below the 200-day SMA, hinting at a longer-term bearish tilt. Their repeated inability to sustain breakouts above these moving averages underscores a “sell mode” environment, as buying pressure remains insufficient. Rallies may be short-lived unless price and volume can decisively break and hold above these key levels.
Market Themes
Weekly +20%
Monthly +30%
Quarterly +50%
Watch List Provided on X
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