Equities joined the fixed income markets in posting negative returns for the week. U.S. equity markets, as measured by the Russell 3000 Index, posted a weekly return of -3.7%.
The Russell 2000 Index of small company stocks fared slightly better with a return of -2.6%.
While small caps fared better over the past week, they have lagged large caps on a quarter-to-date basis with a return of -5.5% while large caps have returned -3.6%. International equities also declined last week with the MSCI EAFE Index of developed markets returning -2.3%.
Key economic data releases over the next week include the final estimate of second quarter GDP and additional readings on consumer sentiment.