Stock Market Update Wednesday May 14, 2025

Stock Market Update Wednesday May 14, 2025 Equities consolidated their recent rally, with the S&P 500 (SPX) posting a marginal gain of +0.1%, though divergent performance across sectors underscored uneven market breadth. Robust momentum in the mega-cap technology cohort, reflected in the Nasdaq 100 (QQQ) advancing +0.3%, offset underperformance in small-cap stocks, as evidenced by the Russell 2000 (IWM) declining -0.7%. The SPX has accrued a formidable +3.9% weekly gain, yet investors remain attuned to forthcoming macroeconomic catalysts, including tomorrow’s Retail Sales and Producer Price Index (PPI) data, alongside a highly anticipated address by Federal Reserve Chair Jerome Powell.

Away From Stocks: Fixed-income markets endured sustained pressure, with Treasury yields climbing further. The 2-year Treasury yield rose three basis points to 4.05%, while the 30-year yield advanced to 4.97%, signaling persistent inflationary concerns. In commodities, West Texas Intermediate (WTI) crude retreated below $63 per barrel, reflecting softening energy demand expectations. Gold depreciated -2% to $3,181 per ounce, pressured by a firmer U.S. dollar. Cryptocurrencies exhibited resilience, with Bitcoin edging marginally lower to $103,400. Volatility ticked higher, as the Cboe Volatility Index (VIX) approached 19, indicating cautious investor sentiment.

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