Stock Market Update Thursday March 13, 2025 Equities came under renewed selling pressure following yesterday’s brief rebound, with the S&P 500 declining another 1.3%, setting a new low for 2025. The SPX has officially entered correction territory, now down 10% from its recent highs, underscoring continued risk aversion across markets.
Key Index Performance:
S&P 500 (SPX): -1.2%
Nasdaq 100 (QQQ): -1.9%
Russell 2000 (IWM): -1.6%
Away From Stocks:
Bond markets saw a bull-steepening move, with Treasury yields declining as investors sought defensive positioning:
2-year yield: down 7 basis points (bps) to 3.94%
30-year yield: down 4 bps to 4.59%
In commodities, WTI crude oil retreated below $67 per barrel, reflecting demand concerns and macroeconomic headwinds. Gold surged 1.5%, reaching a new high of $2,984 per ounce, as investors rotated into safe-haven assets.
Crypto & Volatility:
Bitcoin slipped below $81,000, continuing its recent pullback as risk-off sentiment weighed on speculative assets.
The CBOE Volatility Index (VIX) edged lower, settling just under 25, suggesting the market is stabilizing despite ongoing weakness in equities.
