Equity markets pushed higher in the third quarter of 2025, showing broad strength and resilience across most sectors.
The Dow, S&P 500, and Nasdaq all hit record highs, driven largely by Artificial Intelligence (AI) and technology stocks. In response to softening labor market data, the Federal Reserve initiated a much-anticipated 25-basis-point rate cut, despite inflation remaining above the Federal Reserve’s 2% target.
International equities and gold also delivered positive performance, supported by strong corporate earnings despite ongoing uncertainty surrounding U.S. tariff policies and their impact on global trade.
Read our Q3 market update for a more in-depth analysis, and to get our perspective on it all.
