The S&P 500 barely broke its four-day losing streak on Wednesday, gaining just 0.01% to close at 5,956.06. The Dow Jones Industrial Average fell by 188.04 points, or 0.43%, ending at 43,433.12. The Nasdaq Composite rose by 0.26% to close at 19,075.26.
Investors are closely watching Nvidia’s upcoming fourth-quarter earnings announcement due to the company’s significance in the tech sector. They want to see if Nvidia can maintain its momentum despite a recent 2% decline in 2025.
Stock market prediction for 3 March, next week: 'Strong possibility of…' – Support and resistance levelshttps://t.co/mUdse5fiOu
— ET NOW (@ETNOWlive) March 1, 2025
Shares of Instacart’s parent company dropped by 12.3% after reporting a fourth-quarter revenue miss and providing a weaker-than-expected forecast for the first quarter.
This marks the company’s largest single-day decline on record. Concerns over President Trump’s trade policies have added to market volatility.
Global Markets | Here's a look at how the global equities performed overnight???? #NASDAQ #DowJones #FTSE #CAC #DAX pic.twitter.com/3sOngzR1Po
— ET NOW (@ETNOWlive) March 1, 2025
During his first cabinet meeting, Trump announced that tariffs against Canada and Mexico would soon take effect and mentioned plans to extend tariffs to the European Union.
Real estate emerged as the top-performing sector, up 1.2% weekly, followed by health care with a 1% gain.
Information technology lagged, down 2.2% for the week.
Today's selloff pushed the S&P 500 into negative year-to-date territory, joining the Nasdaq.#markets pic.twitter.com/bYS8ctApe0
— Mohamed A. El-Erian (@elerianm) February 27, 2025
Consumer staples stocks struggled, with the sector declining by 1.5%, reversing gains from a recent flight-to-safety trade. A weaker-than-expected consumer confidence reading added to market worries. The Conference Board’s disappointing report, along with lackluster retail sales and weak consumer sentiment, has pressured the major averages over the past week.
Friday has been historically bad so far in '25, so a big day was bound to happen eventually.
Today's 1.59% jump for the S&P 500 was the best Friday since May 2023 and the best Friday in February since 2022.
— Ryan Detrick, CMT (@RyanDetrick) February 28, 2025
S&P 500 ends streak, gains 0.01%
The S&P 500 is down nearly 1% for the week, the Nasdaq is off 2.3%, and the Dow remains near the flatline. Target’s shares fell ahead of its earnings and investor day. Analysts point out the stock’s valuation relative to other retailers.
JPMorgan’s Christopher Horvers noted potential upcoming challenges, including same-store sales forecasts and CEO succession. Tesla shares continued their decline, falling 2.2% and on track to close below $300 for the first time since November 2024. Tesla’s market cap fell below $1 trillion on Tuesday, and the stock has dropped 30% since President Trump’s tenure began.
