The Davenport Funds Q1 2026 Stock Market Update

Davenport Asset Management14 FollowersFollow5ShareSavePlay(8min)CommentsSummaryThe year started on a decent note with gains in January. However, renewed tariff concerns, waning enthusiasm for AI-related stocks and war in Iran ultimately became headwinds.The S&P 500 Index finished the quarter down 4.33%, while the Russell 2000 Index finished up 0.89% (having been up 9.54% at one point).We initially witnessed a rotation within the market. Technology stocks and names linked to artificial intelligence, which were so popular for much of last year, began to see declines. primeimages/E+ via Getty Images Q1 2026 Stock Market Update Market Returns (%) Q1 2026 2025 U.S. Large Caps -4.33 17.88 U.S. Mid Caps 1.29 10.60 U.S. Small Caps 0.89 12.81 International Developed Markets -1.24 31.22 This article was written byDavenport Asset Management14 FollowersFollowDavenport Asset Management is a boutique money manager founded in 1984 with over $12 billion in assets under management. Their competitive advantages come from our history, partnership, independence, experience, and process refined over the 160-year history of the firm. Note: This account is not managed or monitored by Davenport Asset Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Davenport Asset Management's official channels.