Market Report, 2026-03-19

Stocks slipped for yet another day on Thursday as the market continued to digest important data from multiple sources.

On monetary policies, the Federal Reserve gave a hawkish projection, and the Fed funds futures market no longer expects any rate cuts in 2026. The same Fed funds futures market also sees rates likely ending up above 4% by September 2027 and below 3.5% by October 2027, signaling high uncertainty.

Then there are geopolitical developments: escalating attacks in the Persian Gulf caused long-term damage to major energy facilities; however, statements from the White House have signaled potential de-escalation. The market trimmed its losses meaningfully before the end of the trading session.

The Dow Jones Industrial Average slipped 204 points to 46,021. The NASDAQ inched down 0.29% to 24,355. The S&P 500 ended the day 0.27% lower at 6,606. Energy, technology, and financials posted gains, while all other sectors ended the day in the red.

The bond market calmed down. While the 5-year U.S. Treasury yield rose 2 basis points to 3.88%, the 10-year yield declined by 1 basis point to 4.25%. Gold took a beating and lost nearly 5% of its value, falling below the 4,700 mark.

Today’s economic data were mixed. Jobless claims came in largely as expected. Philadelphia manufacturing came in much better than economists’ forecasts. However, January wholesale inventories were significantly lower than expected, and new home sales disappointed.

There is no scheduled economic data release tomorrow, but we will keep an eye on any new developments that might impact the market.

Thank you for listening. This is Adams Wealth Advisors.