Weekly Market Update

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

weekly market update | 4 min read

S&P 500 Hits Record

June 30, 2025

The S&P 500, Dow and Nasdaq surged by 3.44%, 3.82%, and 4.25%, respectively. US equities reached new record highs driven by confirmation of a US-China trade deal, easing restrictions on rare earths, a ceasefire in the ...

weekly market update | 4 min read

Markets stay resilient amid Mideast tensions

June 23, 2025

The US struck Iranian nuclear facilities over the weekend, risking escalation of the conflict between Israel and Iran.

weekly market update | 4 min read

Gold shines after Israel attacks Iran

June 13, 2025

The event: Earlier today, Israel launched pre-emptive strikes on Iran’s nuclear program and military leadership. Iran has vowed a “harsh” response and initially sent drones towards Israel.

weekly market update | 4 min read

Data Resilience Despite Policy Instability

June 9, 2025

Recent "soft data" surveys indicate a slight rebound in business and consumer sentiment as the administration paused some prospective tariffs.

weekly market update | 4 min read

A Tale of Two Macro Narratives

June 2, 2025

The S&P 500, Dow and Nasdaq gained 1.88%, 1.60% and 2.01%. On May 22, the House passed its tax bill by a narrow 215-214 margin, sending the measure to the Senate.

weekly market update | 4 min read

Equities Rise in the Eye of the Tariff Storm

May 19, 2025

At the start of 2025, a 30% tariff on Chinese goods would have led to a widespread de-risking.

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.

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Important Information

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.

The MSCI Japan Index is designed to measure the performance of the large and mid-cap segments of the Japanese market. With 320 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in Japan.

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

The Citi World Broad Investment Grade Bond index is weighted by market capitalization and includes fixed rate Treasury, government sponsored, mortgage, asset backed, and investment grade (BBB–/Baa3) issues with a maturity of one year or longer and a minimum amount outstanding of $1 billion for Treasuries, $5 billion for mortgages, and $200 million for credit, asset-backed and government-sponsored issues.

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The Citi Emerging Market Sovereign Bond Index (ESBI) includes Brady bonds and US dollar-denominated emerging market sovereign debt issued in the global, Yankee and Eurodollar markets, excluding loans. It is composed of debt in Africa, Asia, Europe and Latin America. We classify an emerging market as a sovereign with a maximum foreign debt rating of BBB+/Baa1 by S&P or Moody's. Defaulted issues are excluded.

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