The broader market index gained 7% in the first three months of 2023, matching its fourth-quarter 2022 performance.
The Dow Jones Industrial Average and Nasdaq Composite also gained 0.4% and 16.8%, respectively. .SPX YTD mountain Strong Q1 for S & P 500 Those gains come even as the Federal Reserve continues to raise rates, stoking concerns that a recession could arrive soon. On top of that, investors grappled with fears of systemic issues in the U.S. banking system last month following the collapse of Silicon Valley Bank and Signature Bank. To be sure, those worries seemed to ease toward the end of March.
mountain Catalent in Q1 — CNBC's Michael Bloom contributed reporting.
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