News Analysis
U.S. stocks rallied on the afternoon of March 7, reversing early losses to close higher for the day and ending another volatile week marked by multiple headlines on tariffs, the global economy, and corporate earnings. All major equity averages recorded sharp weekly declines, making it the worst week of the year so far, led by small caps and tech shares.
The S&P 500 ended March 7 at 5,770, down 3.10 percent for the week; the Dow Jones Industrial Average closed at 42,801, down 2.37 percent; the Nasdaq finished the week at 18,196, down 3.5 percent; and the small-cap Russell 2000 was down 4.05 percent to end at 2,075.After the previous week’s mixed closing, trading for the new week began with a broad sell-off as headlines on tariffs and countertariffs crossed the Wall Street tape. Once again, the sell-off was led by the small-cap and tech stocks, with the tech-heavy Nasdaq and the small-cap Russell indexes each losing more than 2.5 percent in the trading session on March 3.
