Market Report, 2026-03-30

The market headed into this week with fresh disappointments, as stocks ended Monday in the red. While stocks received some relief earlier in the day when Federal Reserve Chair Jerome Powell commented that Trump’s tariffs would result in a one-time price bump and that the central bank has little control over supply shocks, higher oil prices overshadowed the market’s relief over the diminishing prospects of rate hikes.

The Dow Jones Industrial Average rose 50 points to 45,216, although many of today’s heavy hitters did not move higher. The Nasdaq dipped 0.78% to 22,953. The S&P 500 declined 0.39% to 6,344. Today’s selloff was contained to just three sectors: technology, industrials, and energy. The technology selloff was centered around AI compute stocks. Micron, specifically, lost nearly 10% of its value. A similar issue affected industrials, as most of the major AI infrastructure companies saw their stock prices decline.

On a positive note, the bond market rallied strongly, with a significant reduction in interest rates. Both the 5-year and 10-year U.S. Treasury yields declined by 9 basis points to 3.99% and 4.35%, respectively. Gold continued to show stability, remaining flat for the day above the $4,500 mark.

Without any significant economic data, we turned our attention to Jerome Powell’s speech today. He characterized the economy as growing at “a solid pace” and said he is not concerned about worries of stagflation. However, he did mention that policymakers are taking a cautious approach because multiple factors are at play this year, including the Iran war, tariffs, and a stagnant labor market.

Tomorrow, we will receive the February readings on job openings and consumer confidence. This is Adams Wealth Advisors, and thank you for listening.