2025 Among the S&P 500’s Worst Starts to a Year

Key takeaways

• 2025 ranks as the S&P 500’s fifth worst start to the year in history
• The index was down -10.2% through the first 73 trading days due to Trump’s renewed tariff threats

Will 2025 make a comeback?

Among these 20 worst starts to a year, just five years ended in the green, while two ended with a 0% change.

While this puts the odds against 2025 ending in the green, Trump’s softening stance on tariffs could be a potential path for redemption.