For the week ending October 10, 2025.

Markets slipped across the board as higher Treasury auction yields, soft consumer-credit, and another crude build leaned risk-off. Inflation expectations ticked up while GDP tracking stayed steady. That mix favored defensive industries, lifted the dollar, and sent gold higher.

U.S. Equities

Large caps fell in a narrow two–three percent range, with Large Growth (-2.29%) holding up a touch better than Large Value (-2.56%). Mid caps weakened more—Mid Core (-3.81%), Mid Growth (-3.46%), Mid Value (-4.31%)—as higher long rates and softer borrowing weighed on cyclical earnings sensitivity. Small caps took the hardest hit as funding conditions tightened; Small Value (-5.73%) was the week’s standout laggard.

U.S. Sectors

Energy tanked after a second straight crude-inventory build, leaving Energy (-4.15%) as the worst performing sector. Materials (-3.35%), Industrials (-2.92%), and Consumer Discretionary (-3.83%) faded on growth worries and a firmer dollar. Financials (-2.90%) struggled alongside a flatter curve. Utilities (+1.45%) led and Consumer Staples (+0.09%) held the line while Healthcare (-1.87%) and Telecom (-1.50%) eased. REITs (-3.45%) slipped as higher yields pressured valuations.

Bonds

Auction yields moved up again, but high-quality duration still eked out a gain: U.S. Core Aggregate Bonds (+0.25%) finished slightly higher. Risk appetite cooled in credit—High Yield (-1.16%) and International Bonds (-1.02%) both declined—mirroring the equity tone.

International Equities

A stronger dollar and softer commodities weighed on overseas markets. Europe lost 2.68%, while commodity-tilted regions bore the brunt: Pacific (-4.06%) and Latin America (-4.05%) lagged as crude and industrials wobbled.

Commodities & Currency

Broad commodities slipped (-1.32%) on the crude builds and demand questions. Safety and dollar strength stood out: Gold (+3.21%) rallied and the U.S. Dollar (+1.46%) climbed on higher real yields and risk-off flows. Bitcoin fell about 7.8% week over week.