Stock Market Recap: March 31, 2025
On Monday, March 31, 2025, U.S. stock markets exhibited mixed performances as investors grappled with concerns over impending tariffs and their potential economic impact.
Key Indices:
S&P 500: Rose 0.6%, closing at 5,611.85. Despite this uptick, the index concluded its worst first quarter in two and a half years, down 4.6%.
Dow Jones Industrial Average: Increased by 1%, ending at 42,001.76.
Nasdaq Composite: Slightly declined by 0.1%, finishing at 17,299.29, primarily due to losses in major tech stocks like Nvidia.
Top Gainers:
Discover Financial Services (DFS): Surged after securing a deal to retain its interim CEO until the completion of its acquisition by Capital One Financial.
American International Group (AIG): Shares jumped following the announcement of a $7.5 billion share repurchase plan.
Notable Industry News:
Tariff Developments: President Donald Trump announced that new tariffs would take effect on Wednesday, covering all countries. This move has heightened fears of a global trade war, potentially exacerbating inflation and hindering economic growth.
Market Volatility: The markets have been highly volatile, with significant swings reflecting investor apprehension about the economic repercussions of the new tariffs.
Overall, the day's market activity underscores the prevailing uncertainty as investors navigate the potential impacts of trade policies on the global economy.
