Market Update—Quarter Ending March 31, 2025

Challenging Start to the Year for Stocks

It was a rough March for stocks, capping off a weak quarter to start the year. The S&P 500 lost 5.63 percent in March and 4.27 percent in the first quarter. The Dow Jones Industrial Average was down 4.06 percent during the month and 0.87 percent for the quarter. The Nasdaq Composite lagged its peers during the month and quarter, with an 8.14 percent loss in March and a 10.26 percent drop for the quarter. Technology and growth stocks experienced higher levels of volatility to start the year on concerns surrounding AI and valuations.