April 2025 Equity Markets: Volatility, Tariffs, and the Return of Growth and Momentum
Despite significant volatility in April 2025 driven by tariff concerns and Fed leadership uncertainty, global equity markets recovered to near month-start levels. Technology, growth stocks, and momentum investing rebounded strongly in the final three weeks of April after weak Q1 performance, while the Mag Seven largely recovered losses from early-month declines.
Metrics in this report
0.76%%
monthly
Top decile 2024 performers in April 2025
-3.69%%
regional worst
China equities April 2025
5%%
monthly
EUR/USD during April 2025
$9 trillion$
two-day
First two days of April 2025 across global equities
1.74%%
monthly
US equities April 2025
10.9%%
quarterly
US equities Q1 2025
+3.57%%
regional best tied
India and Latin America equities April 2025
2.22%%
monthly
US equities April 2025
$1.55 trillion$
weekly
Mag Seven stocks first week April 2025
$2.6 trillion$
cumulative
Mag Seven stocks year-to-date 2025
$1.78 trillion$
additional
US technology sector first week April 2025
1.67%%
monthly
US technology sector April 2025
13.19%%
cumulative
US technology sector Q1 2025
$2.34 trillion$
total
US technology companies in Q1 2025
29.4%%
start of year
US market capitalization at start of 2025
5.31%%
monthly
Bottom decile 2024 performers in April 2025