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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global Stocks on Track for Worst Quarter Since 2008 Despite Daily GainsU.S. stock-index futures and equity markets in Europe rose, with global stocks poised to close out their worst quarter since the financial crisis as the coronavirus chills economic activity and rattles investor confidence. Everyone is either getting broke or getting rich this season. No one is losing any money. It’s all in the imagination...
Source: WSJ - 🏆 98. / 63 Read more »

25 Tech Stocks for a Post-Coronavirus WorldThe coronavirus selloff is creating opportunities across the tech landscape. We asked five experts for their top picks. I'm canceling Netflix and Hulu to save money because Covid_19 This is our future folks. Why do you post a story that requires you to either pay a subscription or give you my personal information? Twitter Jack should change that and keep the information flow going in these desperate times. coronavirus marketwatch twitter clickbait $twtr
Source: MarketWatch - 🏆 3. / 97 Read more »

Asia stocks set to trade lower as investors continue to assess economic impact of coronavirus pandemicInvestors will continue to watch for developments on the global coronavirus outbreak, which has already infected more than 691,000 worldwide and taken at least 32,000 lives, according to data compiled by John Hopkins University.
Source: CNBC - 🏆 12. / 72 Read more »

European stocks edge lower after ECB calls for banks to halt dividends through OctoberEuropean stocks slipped in early trade on Monday, with modest losses across the Continent. Two companies that warned over the impact of COVID-19, chip...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks making the biggest moves in the premarket: J&J, Sanofi, Regeneron, La-Z-Boy, Apple & moreThe stocks making the biggest moves in premarket trading include J&J, Sanofi, Regeneron, La-Z-Boy, Apple, and more.
Source: CNBC - 🏆 12. / 72 Read more »