Major indexes declined during the holiday-shortened week. With markets closed Monday in observance of Presidents’ Day, stocks started the week on Tuesday generally trending up, which led to the S&P 500 Index closing at record highs on Tuesday and Wednesday.

Despite continued headline volatility around tariffs and trade tensions and a hotter than expected consumer inflation report, U.S. equity markets managed to push higher last week amid a rebound in technology stocks.

With 17% of US adults using mobile payment apps for in-store purchases, payment apps are pretty popular, especially with younger generations.

The equity markets found firmer ground last week, while most domestic stock markets still came just short of positive territory. The S&P 500 ended the week, down -0.23, while the MSCI All Country World ex-USA was up 0.62. Bonds managed to end the week with gains.

U.S. equity markets were down sharply in this week’s early trading, as are global stock markets, as President Trump imposed 25% tariffs on Canada and Mexico and a 10% tariff on top of existing Chinese tariffs.