ClearBridge Large Cap Growth Strategy Q3 2025 Commentary

Richard Drury/DigitalVision via Getty Images By Erica Furfaro & Margaret Vitrano Market and Performance Overview Equities surged in the third quarter, continuing their post-Liberation Day rebound, with the S&P 500 Index up 8.1% and tech-heavy Nasdaq Composite rising 11.2% to record highs. Investor optimism was fueled by better-than-feared tariff outcomes, the passing of the One Big Beautiful Bill Act in July, anticipated interest rate cuts — the Federal Reserve cut 25 bps cut in September and signaled f ...