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S&P 500, Nasdaq Score First Weekly Wins in 5

The Dow also settled higher for the week

Deputy Editor
Mar 21, 2025 at 4:27 PM
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This "quadruple witching" Friday brought modest daily gains for the three major indexes. Trade war fears loom ahead of the April 2 tariff deadline, as does uncertainty after a few volatile days. For the week, the Dow scored its first win in three, while the S&P 500 and Nasdaq barely made it into the black to snap four-week losing streaks. 

Continue reading for more on today's market, including: 

  • Behind FedEx stock's 52-week lows. 
  • Why we recommended a Citigroup stock call
  • Plus, a quick rundown of the week; NKE hit with bear notes; and CLF slips after layoffs. 

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5 Things to Know Today 

  1. President Trump awarded Boeing (BA) the contract to build the U.S. Air Force's new fighter jets over Lockheed Martin (LMT). (Reuters)
  2. Hudson's Bay, Canada's oldest retailer, will begin liquidating most of its stores next week. (Bloomberg)
  3. In case you missed it: This week's market movers
  4. Nike anticipates sales decline, analysts respond. 
  5. Cleveland-Cliffs temporarily closed two facilities. 

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Oil, Gold Post Weekly Gains

Oil prices rose as traders assessed supply and demand prospects, as well as economic concerns. April-dated West Texas Intermediate (WTI) crude added 21 cents, or 0.3%, to settle at $68.28 a barrel, adding 2.1% for the week. 

Gold prices slipped today amid a bout of profit-taking. Gold futures fell 0.7% to $3,021.80 on the day, but rose 0.7% for the week.  

 

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