U.S. Stocks Eclipsed by Rest of World

“U.S. stocks have been eclipsed by market gains in the rest of the world in 2025, as worries about high valuations, a Chinese artificial intelligence breakthrough and Donald Trump’s radical economic policies contributed to a rare year of underperformance for Wall Street,” the Financial Times reports.

“The S&P 500 was up 17 percent this year in early trading on Monday, undershooting the 29 percent gain for the MSCI All Country World ex-U.S. index by the widest margin since the global financial crisis in 2009.”