Stocks drift, still headed to worst quarter since 2008

FILE - This July 16, 2013 file photo shows a street sign for Wall Street outside the New York Stock Exchange in New York. Stocks are opening slightly lower on Wall Street, Tuesday, March 31, 2020, as investors close out a brutal month of March. The S&P 500 is headed for its biggest quarterly decline since the last quarter of 2008.

The S&P 500 flipped from modest losses to gains during the first hour of trading, trimming its loss for the first three months of the year to 18.6%. Asian markets rose earlier in the day following a stronger-than-expected report on China’s economy, where factories are reopening as the spread of the coronavirus slows there. But momentum stalled in Europe, where the number of deaths jumped in Spain.

The hope is that massive aid coming from the Federal Reserve and Capitol Hill can help prop up the economy in the meantime. Those hopes have led stocks to rally recently, and the S&P 500 has jumped nearly 18% since last Monday. The relatively modest moves are a big departure from earlier in the month, when huge swings punished investors. The S&P 500 had its worst day since Black Monday 1987 on March 12 with a 9.5% loss, for example, only to outdo itself with a 12% drop two days later. Sandwiched in between was a 9.3% surge.

The guy wearing a mask in your article is doing it WRONG.

March closed out strong. Keep spinning, though.

Hold on its going to get much worse as 1st 1/4 earnings are announced.... Pull out now if you haven’t yet!

Cover your nose

Wrong demo on how to wear masks.

Cover your nose bro

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