Dow ends more than 900 points lower to kick off April

Thursday, 2 April 2020 03:18 WIB

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Stocks kicked off April with steep losses on Tuesday, falling as investors braced for an onslaught of negative news around the COVID-19 pandemic and its economic impact.

The Dow Jones Industrial Average finished around 974 points lower, down 4.4%, near 20,943, according to preliminary figures, while the S&P 500 shed around 114 points, or 4.4%, closing near 2,471. The Nasdaq Composite ended near 7,361, off around 340 points, or 4.4%.

Stocks fell sharply in late February and March before recouping some of the decline, with the S&P 500 logging a 20% quarterly decline, its largest since 2008, and the Dow falling more than 23% for its biggest first-quarter decline on record and largest quarterly fall since 1987.

Small-cap stocks have also suffered, with the Russell 2000 Index falling harder than the other indexes Wednesday with a drop of more than 7%.

Source : MarketWatch


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