Why March is so volatile for stocks

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March Madness isn't just for college basketball fans. That phrase is also an apt description of the volatility on Wall Street, and this March is no different.

Just look at what stocks have done so far this month. It began with worries about Russia's invasion of Ukraine and the spike in oil and gas prices. The Dow plunged nearly 800 points on March 7 as energy prices surged.And if that weren't enough, the market was girding itself for the Federal Reserve's first rate hike since late 2018. The Dow was down nearly 4% for the month as of March 8. ReplayMore Videos ...

Price of oil drops below $100. That's good news for gas prices 02:30It has since come roaring back and is now up 2.5% in March. The S&P 500 has risen 2%. The tech-heavy Nasdaq has gained 1%. At one point this month, the index plummeted as much as 9%.March has often been a dramatic month for stocks. The dot-com boom of the late 1990s ended in March 2000 when the Nasdaq peaked and subsequently crashed more than 10% that month.

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