Weekly Market Commentary: March 22, 2026

Index Performance

Index	Close	Weekly Change
S&P 500	5,667.89	+0.42%
Dow Jones	41,985.35	-0.15%
Nasdaq Composite	17,784.05	+1.12%
10-Year Treasury	4.28%	-0.03%

Major Themes

Tech Earnings Beat Expectations

Several large-cap technology companies reported stronger than expected Q4 earnings this week, driving the Nasdaq higher. Revenue growth in cloud computing and AI-related services continued to be a bright spot across the sector.

Housing Data Shows Mixed Signals

New home sales came in slightly above expectations, while existing home sales declined for the second consecutive month. Mortgage rates holding near 6.8% continue to weigh on affordability for many buyers.

Fed Holds Steady on Rates

The Federal Reserve held rates unchanged at its latest meeting, as widely expected. Chair Powell reiterated a data-dependent approach, noting that inflation has made progress toward the 2% target but remains above it.

Looking Ahead

Next week brings several key economic reports: consumer confidence on Tuesday, GDP revision on Wednesday, and the PCE price index (the Fed's preferred inflation gauge) on Friday. These data points will likely shape market expectations for future rate decisions.

Earnings season is winding down, but a handful of notable reports remain on the calendar. Investors will be watching for any forward guidance revisions as companies navigate the current economic landscape.

Past performance is not indicative of future results. All investing involves risk, including the potential loss of principal.