Stock Market Update Monday March 24, 2025

Stock Market Update Monday March 24, 2025 Stock prices increased sharply on Monday. The S&P 500 rose to its 200-day moving average, and the Nasdaq 100 neared this same important resistance level. This positive movement was driven by tariff news over the weekend that wasn't as bad as investors feared. This reduced worries before the April 2nd deadline. The market's ability to hold these levels will be a crucial indicator of future direction.

Major Index Performance:

• S&P 500 (SPX/SPY): +1.8%

• Nasdaq 100 (QQQ): +2.2%

• Russell 2000 (IWM): +2.6%

Away From Stocks: Treasury bonds experienced significant selling, causing yields to rise. The 2-year Treasury yield increased by 0.10% to 4.04%, and the 30-year Treasury yield rose by 0.07% to 4.66%. West Texas Intermediate (WTI) crude oil prices went above $69 per barrel. Gold prices fell to $3,011 per ounce. Bitcoin's price exceeded $88,000. The VIX volatility index closed below 18, a level not seen in over a month.

Economic Data Schedule:

March 24 (Sunday)

• 9:45 AM – Mar P S&P Manufacturing PMI: 51.8 (Prior: 52.7)

• 9:45 AM – Mar P S&P Services PMI: 51.0 (Prior: 51.0)

March 25 (Monday)

• 9:00 AM – Jan Case-Shiller 20-City m/m: 0.4% (Prior: 0.52%)

• 10:00 AM – Mar Conference Board Consumer Sentiment: 93.55 (Prior: 98.3)

• 10:00 AM – Feb New Home Sales: 680K (Prior: 657K)

• 10:00 AM – Feb New Home Sales m/m: 3.5% (Prior: -10.5%)

March 26 (Tuesday)

• 8:30 AM – Feb P Durable Goods Orders: -1.0% (Prior: 3.2%)

March 27 (Wednesday)

• 8:30 AM – 4Q T GDP QoQ: 2.3% (Prior: 2.3%)

March 28 (Thursday)

• 8:30 AM – Feb PCE m/m: 0.3% (Prior: 0.3%)

• 8:30 AM – Feb Core PCE m/m: 0.3% (Prior: 0.28%)

• 8:30 AM – Feb PCE y/y: 2.5% (Prior: 2.5%)

• 8:30 AM – Feb Core PCE y/y: 2.7% (Prior: 2.64679%)

• 10:00 AM – Mar F UMich 1-Year Inflation Expectations: n/a (Prior: 4.9%)

• 10:00 AM – Mar F UMich Consumer Sentiment: 57.9 (Prior: 57.9)

Key Economic Data and Fed Signals to Watch

A critical week lies ahead for macroeconomic indicators, including:

• February’s Core PCE (Friday) – The Fed’s preferred inflation gauge

• Conference Board Consumer Survey (Tuesday) – A key sentiment barometer

• Housing Market Data – Reflecting credit conditions and affordability trends

• University of Michigan’s March Inflation Expectations (Friday) – Though historically volatile, still influential

Key Market Insights for Premium Members This Week