Dow Opens Tuesday Trade Lower To End March With Worst First Quarter In Its History

Tuesday, 31 March 2020 20:56 WIB

DOW JONESS & P 500Saham AS


U.S. stocks indexes on Tuesday opened modestly lower, with the Dow Jones Industrial Average at risk of the worst quarterly performance on record, as investors have dealt with the impacts of a global pandemic.

The Dow was down 118 points, or 0.5%, at 22,242, the S&P 500 index shed 0.4% at 2,616, while the Nasdaq Composite Index was 0.5% lower to start Tuesday action.

For the Dow, it is on pace for a 12.7% decline in the last session in March, and a 22.3% decline for the first quarter, which would rank as the worst first quarter for the 124-year-old index in its history.

Meanwhile, the S&P 500 was set for a more than 11% decline for the month and a quarterly skid of 19%. The Nasdaq was on pace for a loss of 9,6% for the month and 13.7% for the quarter end.

Meanwhile, the Federal Reserve said Tuesday it will launch a temporary lending facility that will allow foreign central banks with accounts at the Fed to convert their holdings of Treasuries into dollars, its latest in a series of efforts to fix liquidity issues in the global market. In economic reports, the S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 3.9% in the year that ended in January, up from a 3.7% annual rate the prior month.

Source : Market Watch


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