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Daily Market Commentary

March 13, 2025

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March 13, 2025

Bonds & Stocks
Another downside surprise in inflation brought a degree of relief to Wall Street, though stocks fell and bond yields rose with uncertainty running high around the potential economic impacts of a trade war. The S&P 500 fell 0.2%. The Nasdaq 100 slid 0.3%. The Dow Jones Industrial Average dropped 0.4%. The yield on 10-year Treasuries advanced two basis points to 4.33%.

Economy
US wholesale inflation stagnated in February thanks to a decline in services costs, but details for the Federal Reserve’s preferred inflation gauge were less favorable. The producer price index was unchanged from a month earlier following a revised 0.6% increase in January, according to a Bureau of Labor Statistics report released Thursday. Excluding food and energy, the PPI declined for the first time since July.

World
President Donald Trump threatened to impose a 200% tariff on wine, champagne and other alcoholic beverages from France and elsewhere in the European Union, the latest escalation in a brewing transatlantic trade war.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.