The adage that March comes in like a lion and goes out like a lamb certainly held true for the markets this month. Several days this month saw wild movement in the markets, sometimes by hundreds of points in either direction. On the last day of the month, though, the markets stayed calm and the Dow rose by 0.4%.
The agriculture and commodities sector saw some selloff activity this month. Silver fell the most, down 13.1% for the month, followed by agriculture, which was down 12.7%. The strongest sector was homebuilders, up about 7.5%.
Both gold and oil stepped back from their record levels, but still remained pricey: oil closed the month at $101.61 a barrel, while gold ended at $921.80.
Most global markets were down, but both Spain and Mexico turned up 6.8% for the month. China fared poorly, losing 9% in March.
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