Stock Market Update
31-Mar-25 10:30 ET
Risk-off bias continues
Dow -112.00
at 41471.90,
Nasdaq -377.13
at 16945.86,
S&P -56.69
at 5524.25
[BRIEFING.COM] The major indices remain near their worst levels of the morning. The S&P 500 trades about 65 points lower, or 1.2%. The Invesco S&P 500 Equal Weight ETF (RSP) trades 0.3% below its prior close.
Some areas of the market, particularly defensive-oriented areas, have benefitted from buying interest thus far. The consumer staples (+1.2%) and utilities (+0.8%) sectors are among the top performers out of the 11 sectors, reflecting a risk-off bias in the market.
Also, the CBOE Volatility Index (VIX) is at 23.49, indicating increased hedging against further downside moves.
