Market saw losses last week due to trade policy uncertainty and weak jobs report

From Nasdaq: 2025-03-11 08:00:00

Last week, Wall Street saw significant losses with the S&P 500, Dow Jones, and Nasdaq Composite all declining. The S&P 500 recorded its worst week since September 2024, while the Nasdaq entered correction territory. The weak jobs report, with nonfarm payrolls falling short of expectations, added to economic concerns.

Market turmoil last week was fueled by uncertainty over trade policy, driven by President Trump’s tariff announcements. While exemptions were later made for Canada and Mexico under the USMCA, the lack of long-term clarity continued to trouble the markets. Investors are bracing for ongoing choppiness until trade uncertainties are resolved.

Treasury Secretary Scott Bessent acknowledged a potential economic slowdown but assured investors that any tariff-related price increases would be temporary adjustments, not triggers for lasting inflation. He attributed the slowdown to transitioning from previous policies, aiming to ease concerns among investors.

Last week saw several winning leveraged ETFs, including Gold Miners, China Tech, Europe, Homebuilders, and Mexican stocks. Factors like policy easing, earnings momentum, and tariff delays contributed to these ETFs’ gains. The positive performance of these ETFs reflected various market dynamics and geopolitical developments.

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Read more at Nasdaq: Best Leveraged ETFs of Last Week