US Markets End Worst First Quarter in History on Downbeat

Voice of America
01 Apr 2020, 07:35 GMT+10

U.S. stocks closed Tuesday with historic first-quarter losses.

The Dow Jones Industrial Average fell 413 points, off 2%. The Standard & Poor's 500 index was also down 2%, and the NASDAQ shed 1%.

European and Asian markets ended the day mostly higher.

The economic chaos caused by the coronavirus pandemic has sent the Dow falling 23% since January - the worst first quarterly loss in history.

March was also the worst month for the Dow since the 2008 recession.

While some analysts say the bottom has not yet been reached on Wall Street, others see light at the end of the coronavirus tunnel.

They say some investors, including company CEOs, have been buying shares of their own companies and others at bargain prices, a sign that a big economic comeback is on the way.

Others forecast a huge economic recovery once the outbreak peaks.

President Donald Trump said Sunday he believes the pandemic will peak by mid-April and that "great things" will be happening by the first of June.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Ohio Standard.

More Information

34 ℉

Light Rain in Columbus

US

Section

United States Senate overwhelmingly approves Yellen as treasury chief

WASHINGTON, DC, January 26 (ANI) - The U.S. Senate has confirmed Janet Yellen to be the next Secretary of the ...

U.S. military cleared to recruit transgender people

President Joe Biden has issued an executive order that overturns a ban on transgender people serving in the U.S. military.In ...

Legendary TV host Larry King is dead at the age of 87

LOS ANGELES, California (ANI/Big News Network) - American award-winning TV and radio host Larry King, who became a household name ...

US extradites Colombian paramilitary member

Bogota [Colombia], January 26 (ANI/Sputnik): Former Colombian paramilitary member Hernan Giraldo Serna was extradited from the United States after serving ...

US Senate to Vote on Blinken's Nomination to Lead State Department

The U.S. Senate is scheduled to vote Tuesday on the nomination of Antony Blinken to be the country's next secretary ...

No. 17 Creighton shoots for season sweep of Seton Hall

No. 17 Creighton enjoyed its best shooting performance of the season in a rout of Seton Hall earlier this month. ...

International

Section