This week’s edition of “Three on Thursday” looks at the S&P 500 Index over the first quarter of 2025. Widely regarded as a barometer for the overall stock market, the S&P 500 Index tracks the performance of 500 of the largest companies listed on U.S. stock exchanges. In the first quarter, the S&P 500 Index delivered a total return of -4.3%, the worst quarterly return since the third quarter of 2022. But the picture looks much different under the surface. 

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