March 17, 2025 Market Moment
Market Moment
Glen Eagle®: America’s Women-Owned Trading Desk®
3/17/2025
- Apple, Microsoft, Nvidia, Amazon, Google, Meta, and Tesla drove over half of the S&P 500's 23% gain in 2024, rising an average of 60%. This year, their 15% average decline accounts for 95% of the index's 6% drop. *1
- US employers announced 172K job cuts in February, the highest since July 2020 and the highest February since 2009. Year-to-date layoffs total nearly 222K, the most since 2009. 2
- The average market loss during a correction is 13%, typically recovered in about four months. After the last 15 corrections since 2008, the S&P 500 rose over 15% on average in the next 12 months. *3
- 12% of Americans borrowed money for health care last year. Those under 50 were twice as likely (20%) to borrow compared to those aged 50-64 (9%). Of those who borrowed, 58% borrowed at least $500. 2
- Barrons- "The Mag 7 Stocks Have Gotten Crushed. Buy These 4 Now."
- MFS - "Beyond the News"
- Barrons - "The S&P 500 Is in a Correction. What History Says Happens Next."
- *Past performance is not indicative of future performance
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