Stocks headed toward worst quarter since 2008

Stocks headed toward worst quarter since 2008

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U.S. stocks were poised to open lower Tuesday, on pace for their worst quarter since the depths of the financial crisis amid the coronavirus pandemic. 

Standard and Poor’s 500 futures slumped 0.8%. The broad index is off nearly 19% this quarter, on track for its worst such period since 2008 and its biggest first-quarter drop since 1938.

Futures for the Dow Jones industrial average fell 150 points. The blue-chip average has shed nearly 22% in the first three months of the year, on track for its worst first quarter ever.

Tuesday’s losses cut into recent gains after the number of American coronavirus deaths surged past 3,100. A worrying increase in the number of Spanish deaths linked to the virus also weighed on market sentiment again. 

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By Javier Manning

Javier has been in the field of content writing for almost 8 Years as he hails from the Biotechnology background. The edifying articles portray her craving towards language. His keen hobby of reading technological innovations related books or articles has sown the seed of being a well-versed editor with the current scenario of numerous industry verticals. He is one of the valuable assets to this publication. The Industry News Press has awarded him with a senior editors post based on his skillful performance to date.