Markets > Economy

It's official: The stock market had its worst quarter since 1987-and its worst Q1 ever

2 monthes ago   |   By Fortune

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There's one positive thing to say about Q1 and the stock market: it's finally over.
Markets closed down nearly 2% on Tuesday, the final day of the tumultuous 1st quarter of 2020. That makes this the worst first quarter ever for the Dow and S&P 500. The Dow fell roughly 23% over the past three months (making it the worst overall quarter for the Dow since 1987), and the S&P 500 dropped about 20%, its worst quarterly decline since 2008.
Volatility this quarter was...
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Stocks fall, close out biggest quarterly drop since 2008

2 monthes ago   |   By Reuters

Global stock markets fell in volatile trading on Tuesday, and the economic damage from the coronavirus pandemic left the MSCI benchmark of world equities with its biggest quarterly decline since the financial crisis of 2008.
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Stocks post worst quarter since 2008 financial crisis

2 monthes ago   |   By Tech Crunch

The first quarter of 2020 ended with a whimper - with the Dow Jones Industrial Average, S&P 500 and NASDAQ posting their worst quarter in decades - as the COVID-19 pandemic continues to cause uncertainty and volatility across all major stock market indices.
At the beginning of the quarter, we were still basking in a decade-long bull market. The global pandemic, and the economic havoc it caused, put an end to those halcyon days. All major American indices dropped into bear-market territory March 12 , after shedding the requisite 20% from recent highs.
The rollercoaster continued, with...
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Alert: Stocks fall and the S&P 500 ends with a first-quarter drop of 20%, its worst quarterly performance since 2008

2 monthes ago   |   By Chron

NEW YORK - Stocks fall and the S&P 500 ends with a first-quarter drop of 20%, its worst quarterly performance since 2008.
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Dow caps worst first quarter ever with 410-point drop on continued coronavirus fears

Dow caps worst first quarter ever with 410-point drop on continued coronavirus fears

2 monthes ago   |   By Business Insider

US stocks declined on Tuesday as investors weighed a longer-than-expected recovery from the escalating coronavirus outbreak.
The weak trading came as major banks revised their second-quarter GDP projections lower , citing a record jump in unemployment claims and severe financial tightening .
The Dow Jones industrial completed its worst first quarter in history, while the both the Dow and S&P 500 turned in their worst monthly returns since the financial crisis.
Global confirmed COVID-19 cases passed 800,000 on Tuesday, and the death toll climbed above 39,000. The US death toll passed 3,000...
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Here's what happened to the stock market on Tuesday

2 monthes ago   |   By CNBC

The major averages gyrated between gains and losses throughout the session as Wall Street wrapped up a volatile quarter.
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Stocks give up gains, on pace for worst quarter since 2008

2 monthes ago   |   By Reuters

Global stock markets dipped in volatile trading on Tuesday as investors assessed the economic damage from the coronavirus pandemic, while the MSCI benchmark of world equities was on pace to finish its worst quarter since the financial crisis of 2008.
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Stocks pull back on Wall Street as trade worries flare again

Stocks pull back on Wall Street as trade worries flare again

Stocks are opening lower on Wall Street as traders worry that trade tensions could flare again with China and as protests spread across the U.S. against police brutality... Read more ...

Stocks move higher on Wall Street after wobbly start

Stocks move higher on Wall Street after wobbly start

Stock indexes edged higher in early trading on Wall Street Monday as investors balanced cautious optimism about the reopening of businesses shut down because of the coronavirus... Read more ...

US stocks dip as China halts American farm purchases, further stoking trade...

US stocks dip as China halts American farm purchases, further stoking trade tensions

US stocks slid on Monday after the Chinese government ordered a halt of American farm imports. The announcement further inflamed US-China trade tensions and paused a key... Read more ...

US manufacturing industry stabilizes after plunging to financial-crisis...

US manufacturing industry stabilizes after plunging to financial-crisis lows, ISM survey reveals

The US manufacturing industry ended a four-month decline and began to stabilize in May, the Institute for Supply Management's latest survey showed Monday. The ISM's purchasing... Read more ...

Pfizer tanks 8% after halting breast-cancer treatment trial on lowered hopes...

Pfizer tanks 8% after halting breast-cancer treatment trial on lowered hopes for success

Pfizer stock plummeted as much as 8.2% on Monday after the company halted a phase 3 breast-cancer treatment trial. The pharmaceutical giant's palbociclib treatment was... Read more ...

'The worst may not be over': Why one Wall Street analyst is wary of the...

'The worst may not be over': Why one Wall Street analyst is wary of the market's rally

Societe Generale analysts are wary of the market's rebound rally from March 23 lows. "The wobbling performance of cyclicals so far and the continuation of Momentum indicates... Read more ...

Chinese manufacturing output surged the most in 9 years in May, signaling a...

Chinese manufacturing output surged the most in 9 years in May, signaling a coronavirus recovery

China's manufacturing output expanded the most in nine years in May, according to IHS Markit's Purchasing Managers Index data released on Monday. However, Chinese government... Read more ...

Goldman Sachs lifts its downside target for the S&P 500, and lays out 4...

Goldman Sachs lifts its downside target for the S&P 500, and lays out 4 risks to its forecast

Goldman Sachs raised its downside target for the S&P 500 on Friday, after investor hopes for a swift economic recovery sent the benchmark index higher in recent weeks. "The... Read more ...

2 portfolio managers featured in 'The Big Short' are set to join the new...

2 portfolio managers featured in 'The Big Short' are set to join the new hedge fund being set up by Steve Cohen's former right-hand man

Tom Conheeney's new fund, which is called EmeraldRidge Advisors, is planning to add two well-known portfolio managers, Vincent Daniels and A. Porter Collins. The pair is most... Read more ...

Global stocks pull back from gains on reports China is halting key...

Global stocks pull back from gains on reports China is halting key agricultural imports such as soybean from the US

Most stocks rose in early hours of trading on Monday as investors cheered Trump's dovish response on Hong Kong but reports that China is halting some soybean purchases from US... Read more ...