Featured Market Data
Stocks Gain From Early April Lows
Returns for U.S. stocks were mostly lower in April and volatility was high, particularly early in the month. Headlines, largely related to evolving tariff policy, broadly drove stock prices up and down as correlations across stocks were high. The S&P 500 closed below 5,000 on April 8th as uncertainty and market volatility peaked. After a 90-day pause was announced on April 9th, the S&P 500 rallied over 11% from the April 8th close. Looking across sectors, technology was notably higher for the quarter with the NASDAQ posting slightly positive returns. Energy was another noteworthy sector with prices down 14% due to less demand and higher levels of supply.
Source: Bloomberg, FactSet
