Northern Stock Index Fund Q3 2025 Commentary
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Northern Trust Asset Management5 FollowersFollow5ShareSavePlay(3min)CommentsSummaryU.S. economic activity defied expectations for a slowdown despite clear signs of labor market deceleration.U.S. job growth slowed to levels rarely observed outside of recessionary periods.Moderation in employment was sufficient to prompt the first U.S. Federal Reserve rate cut of 2025.U.S. equities were boosted by the broader tech space as investor sentiment around the artificial intelligence (AI) narrative gained steam.The Stock Index Fund returned 8.11% in the quarter. J Studios/DigitalVision via Getty Images In the third quarter of 2025, the S&P 500 index (Fund Index) returned 8.12%. Large Cap equities underperformed Small Cap equities, as measured by the S&P 600 index which returned 9.11% in the third quarter.This article was written byNorthern Trust Asset Management5 FollowersFollowNorthern Trust Asset Management is a global investment manager that helps investors navigate changing market environments in efforts to realize their long-term objectives. Entrusted with $1.2 trillion in assets under management as of March 31, 2024, we understand that investing ultimately serves a greater purpose and believe investors should be compensated for the risks they take — in all market environments and any investment strategy. That’s why we combine robust capital markets research, expert portfolio construction and comprehensive risk management in an effort to craft innovative and efficient solutions that seek to deliver targeted investment outcomes. As engaged contributors to our communities, we consider it a great privilege to serve our investors and our communities with integrity, respect and transparency.
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