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U.S. stocks post worst quarter compared with global markets since 2009

  • In the first quarter of 2025, U.S. Equity markets experienced significant volatility, with the S&P 500 and Nasdaq Composite posting their worst quarterly performances since 2022, particularly in March.
  • Uncertainty surrounding the Trump administration's economic agenda, especially new tariffs, triggered the market downturn.
  • The S&P 500 slumped 4.6% for the quarter, the Nasdaq Composite plummeted 10.5%, and the Dow Jones Industrial Average slipped 1.3%, while individual stocks like Rocket Companies fell 7.4% and gene therapy companies like Taysha Gene Therapies and Solid Biosciences fell 28% and 14.4% respectively, but Mr. Cooper Group stock rose 14.5% following an acquisition agreement.
  • Goldman Sachs lowered its S&P 500 year-end target and increased the probability of a U.S. Recession to 35%, citing higher tariffs, weaker economic growth, and greater inflation, while also forecasting more interest rate cuts by the Federal Reserve; Trump stated he doesn't care about the market fallout, and Laurence D. Fink, CEO of BlackRock, noted widespread anxiety about the economy.
  • Fears of a global trade war and potential impacts on economic growth and inflation led investors to seek safe-haven assets, as evidenced by the price of gold hitting a record high of around $3150 per ounce and the yield on the 10-year Treasury note falling below 4.2%, with expectations for Federal Reserve interest rate cuts increasing.
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Svenska Dagbladet broke the news in Stockholm, Sweden on Monday, March 31, 2025.
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