Charlie Pellett

For the week, the S&P 500 index dropped 1.6%.

NASDAQ was also down for a third week, down 1.3%.

The Dow on the week down by 2%.

Bloomberg's gauge for the MAG-7 closed 1.6% lower, putting the group of mega-cap names, including Nvidia and Tesla, into correction, or 10% below its October record.

We'll be hearing from Target, Gap, and Best Buy, and all three are expected to reveal slowing profit growth and tighter margins.

Maura Mahajan is head of investment strategy at Edward Jones.

Other retailers reporting this week include Ross Stores and BJ's Wholesale Club in New York.

Charlie Pellett, Bloomberg Radio.

For the month, the S&P 500 index was down 0.9%.

On the week, the index was down 0.4%.

Stocks declined on geopolitical concerns and issues relating to private credit.

Bank stocks were particularly hard hit.

The KBW Bank Index was down 4.9%.

Wells Fargo analyst Mike Mayo says fresh credit worries are hurting banks.

Now on the week, the Dow dropped 1.3%.

NASDAQ this week down almost 1%.

In New York, Charlie Pellett, Bloomberg Radio.

For the month, the S&P 500 index was down 0.9%.

On the week, the index was down 0.4%.

Stocks declined on geopolitical concerns and issues relating to private credit.