Weekly Market Update

Last week’s market highlights, closing
performance,
market indicators and the week ahead.

weekly market update | 4 min read

Trading the Trade Talks

May 12, 2025

President Trump announced a trade deal last week with the UK, and the Administration has teased negotiations with other trading partners, too. Discussions between US and Chinese officials began over the weekend with US tariffs on ...

weekly market update | 4 min read

Waiting Game

May 5, 2025

US equity index levels have roundtripped over the last month, since the April 2nd tariff announcements, even though effective tariff rates are dramatically higher than they were a month ago and the forward outlook for growth has ...

weekly market update | 4 min read

Solid Earnings Helps Market

April 28, 2025

Equities continue to be whipsawed by headlines and promises, with a flurry of conflicting statements and leaks coming out of the White House.

weekly market update | 4 min read

Investors Seek Foreign Ports During US Trade Storm

April 21, 2025

Last week, the S&P 500 inched up by 0.28% while the Dow and Nasdaq declined by -1.14% and -0.62%. Investors continued to grapple with the effects of the administration’s tariffs and US-China tensions.

weekly market update | 4 min read

Volatile Week for Markets

April 14, 2025

The S&P 500, Dow and Nasdaq climbed by 5.70%, 4.95% and 7.29%. Financial markets experienced significant volatility on tariff developments, better-than-expected inflation data and a drop in consumer sentiment.

weekly market update | 4 min read

US Hikes Import Taxes Ten-Fold to Deglobalize

April 4, 2025

The Trump administration’s April 2 tariff announcements surprised the market with their scale and their breadth. Our best estimate is that full delivery of these tariffs would increase 2024’s effective tariff rate by 10X, to ...

weekly market update | 4 min read

How Well Can the US Absorb Tariff Shock?

March 31, 2025

Citing national security, President Trump signed a proclamation adding 25% tariffs on US vehicle and parts imports to be phased in within coming days and weeks.

weekly market update | 4 min read

Stay the Course

March 24, 2025

Two factors have contributed to market weakness over the past two months: The release of Chinese AI DeepSeek in late January drove a fundamental rethink of the multi-year AI infrastructure trade. The selloff has since “broadened ...

weekly market update | 4 min read

Hitting the Tariff Button

March 17, 2025

Tariffs to protect US industry from competition and collect tax revenue would generally move the US toward an economic model most prevalent in Emerging Markets economies. These are generally not known for their economic success.

weekly market update | 4 min read

The US Economy Slows in 1Q25

March 10, 2025

Last week, the S&P 500, Dow and Nasdaq fell by -3.10%, -2.37% and -3.45% amid escalating and deescalating tariff developments with Mexico and Canada while those recently applied to China rose another 10% to 20%.

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An investor cannot invest directly in an index. They are shown for illustrative purposes only and do not represent the performance of any specific investment. Index returns do not include any expenses, fees or sales charges, which would lower performance.

The MSCI ACWI (All Country World Index) captures large and mid cap representation across 23 Developed Markets (DM) and 23 Emerging Markets (EM) countries. With 2,483 constituents, the index covers approximately 85% of the global investable equity opportunity set.

S&P 500 Index is an unmanaged, market value-weighted index of 500 stocks generally representative of the broad stock market. An investment cannot be made directly in a market index.

Dow Jones Industrial Average is a price-weighted index of the 30 “blue-chip” stocks and serves as a measure of the U.S. market, covering such diverse industries as financial services, technology, retail, entertainment and consumer goods. An investment cannot be made directly in a market index.

The Nasdaq composite index is a market-capitalization weighted index of more than 3,000 common equities listed on the Nasdaq stock exchange. The types of securities in the index include American depositary receipts, common stocks, real estate investment trusts (REITs) and tracking stocks.

The MSCI Europe Index captures large and mid-cap representation across 15 Developed Markets (DM) countries in Europe. With 444constituents, the index covers approximately 85% of the free float-adjusted market capitalization across the European Developed Markets equity universe.

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The MSCI Emerging Markets Index reflects performance of large and mid-cap stocks in roughly 20 emerging markets.

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