After multiple turbulent days marked by three consecutive days ofdeclines and today’s tremendous upside swing, stocks closed at a level similarto last Friday, which was also not very different from the level observed twomonths ago. Notably, the NASDAQ—an index that reached its all-time high onOctober 29, 2025—is now approximately 4.2% below its peak.
The Dow Jones Industrial Average, helped by having fewerspeculative assets among its constituents, reached a new all-time high of50,116. The S&P 500 closed the week flat compared with the previous weekand remains 1% below its all-time high. The NASDAQ, an index comprised of moreinnovative companies, closed the week 1.9% lower.
A clear rotation can be seen at the sector level. Sectorstraditionally considered necessities for economic development—industrials,materials, energy, and consumer staples—ended the week significantly higher.Technology and consumer discretionary sectors ended the week significantlylower, while other sectors held steady.
Turning to the Treasury market, interest rates declinedmeaningfully as investors became more cautious following disappointing jobsnumbers. However, major benchmarks remain relatively elevated compared withOctober 2025, when recession fears were significant amid unfavorable employmentdata.
Cryptocurrencies continue to dominate headlines this week, withBitcoin plunging below the 70,000 mark—its lowest level since November 2024.
Economic data were mixed this week, but employment figures suggesta slowing dynamic. While it is still too early to draw firm conclusions, nextweek’s Bureau of Labor Statistics employment report and inflation data willfurther guide our understanding of the economy.
Thank you for listening, and Adams Wealth Advisors wishes you agreat weekend.