Stocks closed out 2025 on a down note, with all three main market indexes notching modest losses on Wednesday. Still, stocks logged a third straight year of double-digit percentage gains, which is nothing short of impressive given the extreme volatility the equities market endured.
"Describing 2025 as 'resilient' might be an understatement," says LPL Chief Financial Strategist Adam Turnquist. "The economy showed remarkable strength by overcoming higher inflation, a slowing labor market, fewer rate cuts than originally expected, and a sharp rise in the effective tariff rate."
