Investment Review - April 2025
- The major U.S. stock indices were down in March, with investors shunning risk in the face of uncertain tariff policies and the potential for a looming trade war. The Dow Jones Industrial Average dropped 4.2%, while the S&P 500 decreased 5.8%, and the Nasdaq Composite fell 8.2% during the month. On a year-to-date basis, the U.S. stock indices are in negative territory.
- European stock markets also faced declines in March, with the STOXX Europe 600 down 4.2%. In early March, the European Central Bank (ECB) cut rates for the sixth time in nine months to 2.5% from 2.75% as a result of economic growth challenges and pending U.S. tariffs. On a year-to-date basis, the STOXX Europe 600 is up 4.5%.
- U.S. Treasury bond yields ticked higher in March as concerns over persistent inflation and slower growth were met with somewhat resilient economic indicators.
Key Investment Statistics
Sources: FactSet, Dow Jones Publishing, Bloomberg, Bureau of Labor Statistics, U.S. Federal Reserve, Yardeni Research
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