The S&P 500 pulled back during the week, driven in part by escalations in geopolitical conflicts.
WHAT HAPPENED DURING THE WEEK
- Stocks kicked off the week with a quiet but slightly green Monday and Tuesday as investors waited for news from a trade-related meeting between the US and China.
- Wednesday brought positive news as the White House announced a framework for further discussion with China had been reached. A new CPI report also indicated inflation was tamer than expected in May. Despite these developments, however, the S&P 500 closed slightly in the red on the day.
- On Thursday, stocks pushed slightly higher, fueled by a strong earnings report from Oracle (
), as well as more positive economic data, this time regarding final demand prices. However, new tariff-related uncertainty following statements from the White House put a damper on the market. - Thursday night's headline news regarding geopolitical conflict sent markets falling on Friday to close the week.
- Overall, energy minerals, consumer durables, and health technology were the sectors that performed the best during the week, while commercial services, retail trade, and transportation lagged.
- Crypto had a volatile week. Bitcoin surged on Monday, temporarily trading above $110,000, but spent the rest of the week pulling back, briefly dropping below $103,000.
- Gold pushed higher on positive inflation data, closing the week up over 3.5%.
- Oil prices soared on renewed international tensions in the Middle East.
- Treasury yields dropped during the week amidst 2 economic reports suggesting short-term inflation is tamer than previously expected.
| Past week | Year-to-date | 5-year | |
| S&P 500 | –0.5% | 1.7% | 92.7% |
| Oil (WTI crude) | 12.9% | –0.2% | 83.3% |
| Gold (New York) | 3.6% | 29.9% | 97.7% |
| Bitcoin | –0.6% | 11.3% | 1,019.7% |
Source: Yahoo Finance, as of June 13, 2025.
KEY DATA FOR THE WEEK OF JUNE 16
The earnings week will include updates from several large retailers. More economic data lies in the wings as well.
| KB Home ( |
Retail sales – Tuesday |
| La-Z-Boy ( |
Industrial production – Tuesday |
| GMS ( |
Housing starts and permits – Wednesday |
| Kroger ( |
Jobless claims – Wednesday |
| Winnebago ( |
EIA petroleum status report – Wednesday |
| Darden Restaurants ( |
Fed balance sheet – Friday |
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Source: Fidelity.com, as of June 13, 2025.