{"id":49078,"date":"2025-03-21T18:28:41","date_gmt":"2025-03-21T18:28:41","guid":{"rendered":"https:\/\/thestockmarketwatch.com\/stock-market-news\/market-recap-sp-500-snaps-losing-streak-amid-economic-uncertainty\/49078\/"},"modified":"2025-03-21T18:28:41","modified_gmt":"2025-03-21T18:28:41","slug":"market-recap-sp-500-snaps-losing-streak-amid-economic-uncertainty","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-snaps-losing-streak-amid-economic-uncertainty\/49078\/","title":{"rendered":"Market Recap: S&#038;P 500 Snaps Losing Streak Amid Economic Uncertainty"},"content":{"rendered":"<p>The U.S. stock market closed lower on Friday, March 21, 2025, but managed to snap a multi-week losing streak as investors grappled with economic uncertainties and geopolitical tensions. Despite the day&#8217;s losses, major indexes showed resilience in the face of ongoing concerns about trade policies and global growth.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-snaps-losing-streak-amid-economic-uncertainty\/49078\/#Major_Index_Performance\" >Major Index Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-snaps-losing-streak-amid-economic-uncertainty\/49078\/#Market_Movers_and_Shakers\" >Market Movers and Shakers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-snaps-losing-streak-amid-economic-uncertainty\/49078\/#Economic_Indicators_and_Fed_Policy\" >Economic Indicators and Fed Policy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-snaps-losing-streak-amid-economic-uncertainty\/49078\/#Sector_Performance\" >Sector Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-snaps-losing-streak-amid-economic-uncertainty\/49078\/#Transportation_Sector_Woes\" >Transportation Sector Woes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-snaps-losing-streak-amid-economic-uncertainty\/49078\/#Global_Market_Trends\" >Global Market Trends<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-snaps-losing-streak-amid-economic-uncertainty\/49078\/#Upcoming_Market_Events\" >Upcoming Market Events<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-snaps-losing-streak-amid-economic-uncertainty\/49078\/#Commodities_and_Currencies\" >Commodities and Currencies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-recap-sp-500-snaps-losing-streak-amid-economic-uncertainty\/49078\/#Market_Outlook\" >Market Outlook<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Major_Index_Performance\"><\/span>Major Index Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <a href=\"https:\/\/stockmarketwatch.com\/markets\/sp500\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&#038;P 500<\/a> (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=SPX\">SPX<\/a>) ended the day down 0.2% at 5,662.89, but still managed to eke out a 0.4% gain for the week, breaking a four-week losing streak.<cscitation citation_id=\"task_1__1\"><\/cscitation> The <a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=DJI\">DJI<\/a>) slipped 0.03% to close at 41,953.32, while the tech-heavy Nasdaq Composite (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=COMP\">COMP<\/a>) declined 0.3% to 17,691.63.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Movers_and_Shakers\"><\/span>Market Movers and Shakers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Several major stocks made significant moves during the session:<\/p>\n<p>1. <b>FedEx (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=FDX\">FDX<\/a>)<\/b>: Shares plummeted over 10% after the company reported disappointing quarterly earnings and cut its full-year outlook for the third consecutive quarter.<cscitation citation_id=\"task_1__2\"><\/cscitation><\/p>\n<p>2. <b>Nike (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=NKE\">NKE<\/a>)<\/b>: The sportswear giant saw its stock fall 5% in <a href=\"https:\/\/stockmarketwatch.com\/markets\/pre-market\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">premarket<\/a> trading after warning that sales this quarter would miss analysts&#8217; expectations due to tariffs and falling consumer confidence.<cscitation citation_id=\"task_1__1\"><\/cscitation><\/p>\n<p>3. <b>International Business Machines (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=IBM\">IBM<\/a>)<\/b>: The tech stalwart was the biggest loser in the Dow, with its stock price dropping 3.6%.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Economic_Indicators_and_Fed_Policy\"><\/span>Economic Indicators and Fed Policy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The labor market showed signs of cooling, with initial jobless claims increasing slightly to 223,000 for the week ended March 20. Continuing claims rose to 1,892,000, suggesting that more people are staying on jobless rolls for longer periods.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<p>The Federal Reserve maintained interest rates at 4.25-4.50% in its recent meeting, indicating potential rate cuts later in the year. Fed Chairman Jerome Powell noted &#8220;unusually elevated&#8221; uncertainty in the economic outlook, particularly due to trade policy uncertainties.<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sector_Performance\"><\/span>Sector Performance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Most sectors in the S&#038;P 500 closed in negative territory:<\/p>\n<p>&#8211; Technology Select Sector SPDR (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=XLK\">XLK<\/a>): -0.7%<br \/>&#8211; Materials Select Sector SPDR (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=XLB\">XLB<\/a>): -0.6%<br \/>&#8211; Industrials Select Sector SPDR (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=XLI\">XLI<\/a>): -0.5%<cscitation citation_id=\"task_1__3\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Transportation_Sector_Woes\"><\/span>Transportation Sector Woes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Dow Jones Transportation Average, a closely watched indicator of economic health, has slumped over 17% from its November all-time closing peak. This weakness is seen as a potential warning sign for future economic activity.<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<p><b>Chuck Carlson, CEO of Horizon Investment Services<\/b>, commented, &#8220;The transports are an important tell on future economic activity. The fact that they have significantly underperformed &#8230; gives me pause.&#8221;<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Global_Market_Trends\"><\/span>Global Market Trends<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Global markets also faced headwinds, with European and Asian shares declining. The MSCI all country world share index fell 0.21%, while Europe&#8217;s STOXX 600 dropped 0.8%.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Upcoming_Market_Events\"><\/span>Upcoming Market Events<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Investors will be closely watching several key events in the coming week:<\/p>\n<p>1. Consumer sentiment and confidence reports<br \/>2. Personal Consumption Expenditures (<a href=\"https:\/\/thestockmarketwatch.com\/stock\/?stock=PCE\">PCE<\/a>) price index release on March 28<br \/>3. Details of the <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> administration&#8217;s planned reciprocal tariffs on April 2<cscitation citation_id=\"task_2__1\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Commodities_and_Currencies\"><\/span>Commodities and Currencies<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&#8211; <b>Oil<\/b>: Brent crude futures climbed 0.1% to $72.06 a barrel, while U.S. West Texas Intermediate crude futures dipped 0.15% to $67.97.<br \/>&#8211; <b><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold-price.aspx\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold<\/a><\/b>: The precious metal eased 0.5% to $3,030 an ounce after reaching a record high in the previous session.<br \/>&#8211; <b>Currencies<\/b>: The euro traded at $1.0835, while the Japanese yen weakened to 149.50 per dollar.<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Market_Outlook\"><\/span>Market Outlook<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As geopolitical tensions rise and economic uncertainties persist, investors remain cautious. The ongoing shift in market leadership from U.S. tech stocks to European and Asian equities, coupled with currency fluctuations, suggests a changing investment landscape.<\/p>\n<p><b>Manish Kabra, multi-asset strategist at Societe Generale<\/b>, noted, &#8220;When leadership changes in markets after three years of one directional trades, it doesn&#8217;t disappear in three months. The point is this is rotation in currencies and in equities both between regions and within the U.S.&#8221;<cscitation citation_id=\"task_2__2\"><\/cscitation><\/p>\n<p>As markets navigate these choppy waters, investors will be keenly focused on upcoming economic data and policy decisions to gauge the direction of the global economy in the months ahead.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. stock market closed lower on Friday, March 21, 2025, but managed to snap a multi-week losing streak as 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