Weekly Market Update – March 30, 2026

Price Return Last Week

S&P 500  (2.1%)  S&P Mid Cap  +0.4%  Russell 2000  +0.5% 

MSCI EAFE (0.1%)     MSCI EM (1.8%)   

10 Yr US Treasury Rate – rose from 4.39% to 4.44%

Source: Refinitiv Eikon

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Recent News

U.S. and Iran Negotiations Stall – President Trump claimed that Iran had agreed to most of the 15 points the U.S. proposed to broker a peace deal and added that they agreed to allow 20 oil tankers to pass through the Strait of Hormuz as a “sign of respect.”  However, Iran still launched waves of missiles at Israel over the last few days and recent reports indicate the U.S. is preparing for a potential ground invasion with thousands of American troops arriving in the area on Friday.

Source: Thomson Reuters, CNBC.com

Nasdaq Correction – The Nasdaq Composite dropped 2% on Thursday, adding to recent declines and entering correction territory (10% drop) for the first time since April 2025.  Losses have been slightly greater for the tech-focused Nasdaq, compared to the broad S&P 500 index, which was down only 8% from its recent high through Friday. 

Source: Thomson Reuters, Refinitiv Eikon

TSA Funding – In absence of a funding deal from Congress for the Department of Homeland Security, President Trump issued an executive order on Friday to pay TSA workers.  Some could see payments as early as Monday, but it remains to be seen how long it will take until TSA wait times get back to normal.  Hartsfield-Jackson Atlanta International Airport is still recommending passengers arrive four hours before their flights.  Some airports such as San Francisco International Airport employ private security officers in addition to TSA workers to expedite the screening process, which has helped keep lines to a minimum, but not all airports utilize private security officers.

Source: The Wall Street Journal

Moon Shot – For the first time since the 1970’s, NASA plans to launch four astronauts on a voyage that will circle the moon this week.  NASA will be testing its new Orion spacecraft and Space Launch System rocket that will be key to future moon missions.  If all goes well, NASA is poised to attempt to land on the moon as early as 2028.

Source: The Wall Street Journal

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Upcoming Events

3/31 – Consumer Confidence, Job Openings, Notable Earnings Reports: Nike

4/1 – ADP Employment Report, Retail Sales, ISM Manufacturing PMI

4/3 – Jobs Report

Source: Refinitiv Eikon

This material is for informational purposes only and is not investment advice, a recommendation, or an offer to buy or sell any security. Views are as of the date shown and may change. Forecasts and forward-looking statements are not guarantees of future results. Information is believed reliable but not guaranteed for accuracy or completeness; third-party sources are not affiliated with Chesley, Taft & Associates (CTA).  Indexes are unmanaged, not investable, and shown for illustrative purposes only. Past performance is not indicative of future results. Viewing this material does not create an advisory relationship with CTA.