For the week ending June 20, 2025.

U.S. financial markets closed the week with slight declines, as the S&P 500 dropped 0.2% and the Nasdaq fell 0.5%, influenced by cautious investor sentiment. The downturn was driven by the Federal Reserve's signals on interest rates, escalating tensions in the Middle East, and mixed economic indicators, including stronger-than-expected retail sales but weaker housing data.

U.S. Equity Markets

Large-cap stocks finished slightly down overall, with large-cap core stocks dropping 0.16%, while large-cap growth fell 0.36% and large-cap value ticked up slightly by 0.09%. Mid-cap stocks performed better, particularly mid-cap growth, up 0.66%, followed closely by mid-cap value (+0.62%) and mid-cap core (+0.61%). Small-cap stocks were modestly positive, led by small growth (+0.36%) and small value (+0.30%), with small-cap core gaining just 0.21%.

Sector Performance

Energy stocks continued to lead all sectors, rising by 1.00%, boosted by strength in commodity prices. Financials (+0.80%) and technology (+0.57%) also had solid weeks. Healthcare struggled significantly, dropping by 2.59%, followed by materials, down 1.10%, and utilities, which declined 0.79%. Industrials (-0.20%) and consumer discretionary (-0.50%) also dipped slightly. Consumer staples (+0.07%) and telecommunications (+0.29%) edged up modestly, while REITs were essentially flat (-0.02%).

bond markets

The U.S. Core TR bond rose slightly by 0.27%, and high-yield bonds performed even better, up 0.55%. International bonds, however, fell slightly by 0.28%.

Global Markets

Global stocks had a tougher week. European markets declined by 1.64%, Pacific markets fell 1.53%, and Latin American markets dropped 0.76%.

Alternative Assets

Commodities continued to surge, gaining broadly by 2.39%, even though gold fell sharply by 1.95%. The U.S. dollar strengthened moderately, rising 0.85%.