{"id":24714,"date":"2025-03-24T15:07:28","date_gmt":"2025-03-24T20:07:28","guid":{"rendered":"https:\/\/www.eoption.com\/market-review-march-24-2025\/"},"modified":"2025-03-24T15:07:28","modified_gmt":"2025-03-24T20:07:28","slug":"market-review-march-24-2025","status":"publish","type":"post","link":"https:\/\/www.eoption.com\/market-review-march-24-2025\/","title":{"rendered":"Market Review: March 24, 2025"},"content":{"rendered":"\n
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Closing Recap<\/span><\/b><\/p>\n

Monday, March 24, 2025<\/span><\/b><\/p>\n\n\n\n\n\n\n\n
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Index<\/span><\/p>\n<\/td>\n

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Up\/Down<\/span><\/p>\n<\/td>\n

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%<\/span><\/p>\n<\/td>\n

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Last<\/span><\/p>\n<\/td>\n<\/tr>\n

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DJ Industrials<\/span><\/b><\/p>\n<\/td>\n

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597.97<\/span><\/p>\n<\/td>\n

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1.42%<\/span><\/p>\n<\/td>\n

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42,583<\/span><\/p>\n<\/td>\n<\/tr>\n

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S&P 500<\/span><\/b><\/p>\n<\/td>\n

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100.01<\/span><\/p>\n<\/td>\n

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1.76%<\/span><\/p>\n<\/td>\n

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5,767<\/span><\/p>\n<\/td>\n<\/tr>\n

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Nasdaq<\/span><\/b><\/p>\n<\/td>\n

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404.54<\/span><\/p>\n<\/td>\n

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2.27%<\/span><\/p>\n<\/td>\n

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18,188<\/span><\/p>\n<\/td>\n<\/tr>\n

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Russell 2000<\/span><\/b><\/p>\n<\/td>\n

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52.39<\/span><\/p>\n<\/td>\n

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2.55%<\/span><\/p>\n<\/td>\n

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2,109<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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U.S. stocks kicked off the trading week with solid gains, as the S&P 500 (SPX<\/span>) climbed around 100 points, moving back above its 200-day moving average resistance (5,750) while the Nasdaq Composite gained over 2.25%, led by gains in tech after President Trump took a more measured approach on tariffs against U.S. trading partners ahead of the April 2nd<\/sup> “reciprocal tariff” deadline announced weeks ago. Overnight, US<\/span> stock markets got a bounce on reports that Trump announcement today of universal, reciprocal trade tariffs on April 2 will be narrower and more targeted than initially expected, both the WSJ and Bloomberg reported. This afternoon, President Trump confirmed those reports while saying there will be tariffs on autos, aluminum, and pharmaceuticals in the “very near future.” The commentary helped push the US dollar and Treasury yields higher while Bitcoin jumped, and gold slipped. Stocks market strength broad-based with all eleven S<\/span>&P sectors higher as Technology (XLY<\/span>) rose over 1.8% and Consumer Discretionary (XLY<\/span>) +3.75% the top gainers, though Financials Materials, Industrials, Energy all rose over 1%. <\/p>\n

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In economic data, S<\/span>&P Global March flash composite PMI<\/span> at 53.5 (vs 51.6 in February); U.S. S<\/span>&P Global March flash services PMI<\/span> at 54.3 (vs 51.0 in February); S<\/span>&P Global March flash manufacturing PMI<\/span> at 49.8 (vs 52.7 in February). The CBOE Volatility index (VIX<\/span>) slumped over -9% to 17.50 after breaking back below 20 last Friday. Attention this week will be on tariffs and upcoming inflation (PCE) and GDP data. In stock news, Tesla (TSLA<\/span>) shares rose as much as 11.9% after falling 9-straght weeks, helping lead the Nasdaq along with other Mag 7 names and semis (SOX<\/span>). Defensive utilities and consumer staples have lagged. In Market history: Bespoke Invest noted “25 years ago today, after rallying 14.6% in the prior month, the S&P 500 hit its ‘Dot Com Bubble’ peak. The index would fall 25% over the next year and 49% by the October 2022 low.” <\/p>\n

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Commodities, Treasuries and Currencies<\/p>\n