## Market Action For Last Week
Here is a comparison of the closing prices for the S&P 500 ETF (SPY), Nasdaq-100 ETF (QQQ), and Russell 2000 ETF (IWM) from Friday, March 28, 2025, to Friday, April 4, 2025:
| ETF | Last Friday's Close | Previous Friday's Close | Point Change | Percent Change |
|-------|----------------------|-------------------------|--------------|----------------|
| SPY | $523.67 | $555.66 | -$31.99 | -5.76% |
| QQQ | $423.43 | $468.94 | -$45.51 | -9.70% |
| IWM | $181.19 | $189.65 | -$8.46 | -4.46% |
The market saw significant declines across all three major ETFs, with the Nasdaq-100 (QQQ) suffering the largest percentage loss.
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## Upcoming Major Economic Reports and Potential Market Moving Events
### Monday, April 7, 2025
- Consumer Credit (February)
### Tuesday, April 8, 2025
- NFIB Small Business Optimism Index (March)
### Wednesday, April 9, 2025
- Wholesale Inventories Final (February)
- FOMC Minutes from March Meeting
### Thursday, April 10, 2025
- Consumer Price Index (CPI) and Core CPI (March)
- Initial Jobless Claims (Week ending April 5)
- Treasury Budget (March)
### Friday, April 11, 2025
- Producer Price Index (PPI) and Core PPI (March)
- Preliminary Michigan Consumer Sentiment Index (April)
- Speech by New York Federal Reserve Bank President Williams
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## Upcoming Major Stock Earnings Reports
### Monday, April 7, 2025
- Levi Strauss & Co. (Premarket)
- Greenbrier Companies (Premarket)
- Dave & Buster’s Entertainment (Postmarket)
### Tuesday, April 8, 2025
- Walgreens Boots Alliance (Premarket)
- RPM International Inc. (Premarket)
- Delta Air Lines (Postmarket)
### Wednesday, April 9, 2025
- Constellation Brands Inc. (Premarket)
- BlackBerry Ltd. (Postmarket)
### Thursday, April 10, 2025
- Conagra Brands Inc. (Premarket)
- Lamb Weston Holdings Inc. (Premarket)
- Acuity Brands Inc. (Premarket)
### Friday, April 11, 2025
- Major banks report earnings:
- JPMorgan Chase & Co.
- Wells Fargo & Co.
- Morgan Stanley
- The Bank of New York Mellon Corp.
- BlackRock Inc.
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## Market Outlook for the Next 30 Days
The market appears bearish for the next month due to several factors:
1. **Recent Declines**: The sharp losses in major indices indicate weakened investor sentiment.
2. **Economic Concerns**: Key reports such as CPI and PPI will likely shape inflation expectations and influence Fed policy.
3. **Earnings Season**: Uncertainty surrounding earnings reports from major banks and corporations could add volatility.
Until there is clarity on inflation trends and corporate earnings stability, market recovery may face headwinds.