Day Traders Diary

3/14/25

The major averages ended the week on a high note as investors got a reprieve from tariff-related headlines. The Dow Jones Industrial Average rose 674 points, or 1.66%, to close at 41,488. The S&P 500 rose 117 points or 2.13% to end at 5,638 while the Nasdaq Composite advanced 451 points or 2.6% to settle at 17,754. It was the best day in 2025 for both the S&P 500 and the Nasdaq.

Adding to Friday's positive sentiment was Senate minority leader Chuck Schumer, D-N.Y., saying he wouldn't block a Republican government funding bill.

Through Thursday, the S&P 500 fell into correction territory, down 10% from the record close notched just 16 days ago. The Nasdaq and the small-cap Russell 2000 drew closer to a bear market, or down 20% from its high.

Even with today's rally, the major averages closed down for the week. The Dow fell roughly 3.1% for its worst week since March 2023. The S&P 500 and the Nasdaq both dropped more than 2% and posted their fourth consecutive down week.