The Stock Market Is on Track for Another Losing Week

The S&P 500 was down 1.8%, putting it down more than 1% on the week. The Nasdaq Composite was down 2.5% and about 2.3% on the week. The Dow was down 650 points, bringing its weekly decline to 0.8%.

“Any month-end rebalance flows are being overrun with de-risking ahead of the April 2nd tariffs,” writes BTIG Chief Market Technician Jonathan Krinsky. “It’s possible we now see a ‘sell the rumor, buy the news’ after April 2nd, but looking purely at the technicals and not the potential news flow, SPX looks to have risk back towards recent lows around 5500.”