The benchmark surged 10.2%, outpacing the Dow Jones Industrial Average (5.62%) and the Nasdaq Composite Index (9.11%).
What an impressive start to the year for US stocks! Not only did the S&P 500 Index achieve its largest first-quarter gain since 2019, it did so amidst significant challenges.
Despite the tragic and deadly wars in Gaza and Ukraine, escalating tensions between major global powers, the further weaponization of investment restrictions, and the unsettling news of three major advanced economies slipping into recession (Germany, Japan, and the United Kingdom), the S&P 500’s gains accelerated and broadened.
