Dow Drops 400 Points as Stocks Close Out Their Worst First Quarter Ever

by Fred Imbert, Yun Li

Stocks fell on Tuesday, the last day of the first quarter, as investors wrapped up a period of historic market volatility sparked by the coronavirus pandemic.

The Dow Jones Industrial Average closed 410.32 points lower, or 1.8%, at 21,917.16. The S&P 500 dropped 1.6% to 2,584.59. The Nasdaq Composite fell nearly 1% to 7,700.10. The 30-stock benchmark was up as much as 152 points earlier in the day.

The Dow and S&P 500 had their worst first-quarter performances ever, losing 23.2 and 20%, respectively. The Dow also had its worst overall quarter since 1987 while the S&P 500 had its biggest quarterly loss since 2008.

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