John Hancock: Weekly Market Recap Week Ended March 27

Style reversal

U.S. market volatility continued to weigh more heavily on growth stocks than on their value counterparts, reversing course after the growth style’s outperformance in 2025. A growth stock benchmark fell 3.4% for the week while its value counterpart slipped just 0.5%. On a year-to-date basis, growth was down almost 13% versus a fractional gain for value.

Burst of energy

The recent surge in oil and natural gas prices continued to provide lift for energy stocks, as the S&P 500’s energy sector finished up more than 6% for the week. Since March 1, energy has gained nearly 13%, making it the only sector in positive territory over that time frame. Year to date, the sector has added 41%.

Small beats large

A U.S. small-cap stock benchmark outperformed a large-cap counterpart by a wide margin, expanding smaller stocks’ year-to-date margin of outperformance. The Russell 2000 Index finished 0.5% higher for the week, while its large-cap counterpart, the Russell 1000 Index, fell 2.0%.

Jobs ahead

A report due out on Friday will show whether February’s weaker-than-expected jobs numbers extended into March. In February, the net loss of 92,000 jobs marked the third jobs decline in five months. Friday’s report will be released on a day when U.S. financial markets will be closed for observance of Good Friday.

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