Stocks log disastrous first quarter
US stocks dropped sharply in the first three months of the year as worries about the global coronavirus pandemic and its impact on businesses and the economy grew.
- The Dow recorded its worst start to a year in history, down 23.2% for the quarter.
- The S&P 500, meanwhile, logged its worst quarter since the final three months of 2008, down 20%.
- The Nasdaq Composite’s downturn was more contained. The tech-heavy index recorded its worst quarter since the final months of 2018, falling 14.2%.
On a daily basis, the final day of the quarter also ended with all three indexes in the red.
- The Dow closed 410 points, or 1.8%, lower, and was down 13.7% for the month.
- The S&P ended down 1.6%. It fell 12.5% in March.
It was the worst month since October 2008 for both indexes.
- The Nasdaq closed down nearly 1%, for a 10.1% monthly loss. It was its worst month since November 2008.
- https://www.cnn.com/business/live-news/stock-market-news-today-033120/index.html
