Weekly Market Update: March 17, 2025
03/17/25
Markets Briefly Enter Correction Territory
The S&P 500 Index briefly entered correction territory on Thursday, defined as a -10% decline, as investor concerns about the growth outlook intensified. The selling pressure took a pause on Friday as the Index staged a relief rally and rose more than 2%. Despite the end-of-week rally, the S&P 500 ended the week -8% from its closing high and is down -4% on the year. Although the S&P 500 has started off the year on a sour note, consensus earnings estimates for Index constituents have so far been relatively stable.
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