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Stocks Edge Higher, But on Pace for Worst Quarter Since 2008


Tuesday, 31 March 2020 23:41 WIB

DOW JONESS & P 500Indeks NasdaqSahamAS


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Global stock markets edged higher on Tuesday as investors assessed the economic damage from the coronavirus pandemic, while the MSCI benchmark of world equities was on pace to finish its worst quarter since the financial crisis of 2008.

Stocks have rallied since the start of last week but remain down more than 20% since the start of the year. European equities finished their worst three months since 2002, while Britain's FTSE index posted its largest quarterly drop since 1987.

The U.S. benchmark S&P 500 is set for its worst first quarter since 1938.

In mid-day trading on Wall Street, the Dow Jones Industrial Average rose 84.68 points, or 0.38%, to 22,412.16, the S&P 500 gained 7.59 points, or 0.29%, to 2,634.24 and the Nasdaq Composite added 54.03 points, or 0.69%, to 7,828.18.

The Dow had been down by more than 200 points earlier in the day, suggesting that some investors were bargain-hunting or were rebalancing their portfolios at quarter's end.

Source : Reuters


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