{"id":2419,"date":"2020-04-01T06:34:37","date_gmt":"2020-04-01T06:34:37","guid":{"rendered":"https:\/\/www.maxlee.info\/blog\/?p=2419"},"modified":"2020-04-02T07:27:41","modified_gmt":"2020-04-02T07:27:41","slug":"the-dow-and-sp-500-just-logged-the-worst-start-to-a-quarter-in-history","status":"publish","type":"post","link":"https:\/\/www.maxlee.info\/blog\/news\/the-dow-and-sp-500-just-logged-the-worst-start-to-a-quarter-in-history\/","title":{"rendered":"The Dow and S&P 500 just logged the worst start to a quarter in history as investors brace for \u2018very, very painful\u2019 weeks of coronavirus"},"content":{"rendered":"

All three stock-market indexes book losses of at least 4.4%<\/strong><\/p>\n

<\/p>\n

\"Bearishness
Bearishness to start the second quarter on Wall St.<\/figcaption><\/figure>\n

Published: April 1, 2020 at 5:07 p.m. ET, By Mark DeCambre<\/p>\n

The stock market on Wednesday started the second quarter nearly the same way it ended March, with bruising losses.<\/p>\n

A resumption of declines to commence the first trading day in April, or the second quarter, for already-battered equity gauges, resulted in the worst start to a quarter for stock-market bulls ever.<\/p>\n

For the broad-market S&P 500 index, its decline of 4.44% represents the index\u2019s worst first day of any quarter on record, according to Dow Jones Market Data. The index was created in 1957, to put things into perspective.<\/p>\n\n\n\n\n\n\n\n\n\n\n
RANK\/WORST<\/th>\nS&P 500 % CHANGE<\/th>\nDATE<\/th>\n<\/tr>\n<\/thead>\n
1<\/td>\n-3.69%<\/td>\nJan. 2, 1932<\/td>\n<\/tr>\n
2<\/td>\n-3.01%<\/td>\nOct. 1, 1998<\/td>\n<\/tr>\n
3<\/td>\n-2,97%<\/td>\nOct. 1, 1934<\/td>\n<\/tr>\n
4<\/td>\n-2.85%<\/td>\nOct. 3, 2011<\/td>\n<\/tr>\n
5<\/td>\n-2.80%<\/td>\nJan. 2, 2001<\/td>\n<\/tr>\n<\/tbody>\n
Source: Dow Jones Market Data<\/td>\n<\/tr>\n<\/table>\n

The Dow Jones Industrial Average, meanwhile, logged its worst start to the first three months in a calendar year in its 124-year history, managing to exceed a 4.32% decline put in to start the third quarter of 1896.<\/p>\n\n\n\n\n\n\n\n\n\n\n
RANK\/WORST<\/th>\nDJIA % CHANGE<\/th>\nDATES<\/th>\n<\/tr>\n<\/thead>\n
1<\/td>\n-4.32%<\/td>\nJuly 1, 1896<\/td>\n<\/tr>\n
2<\/td>\n-4.21%<\/td>\nJan. 2, 1932<\/td>\n<\/tr>\n
3<\/td>\n-3.52%<\/td>\nJan. 2, 1904<\/td>\n<\/tr>\n
4<\/td>\n-2.82%<\/td>\nApril 1, 1898<\/td>\n<\/tr>\n
5<\/td>\n-2.74<\/td>\nApril 1, 1929<\/td>\n<\/tr>\n<\/tbody>\n
Source: Dow Jones Market Data<\/td>\n<\/tr>\n<\/table>\n

The Dow DJIA on Wednesday closed 974 points, or 4.44%, lower to 20,944, the S&P 500 SPX tumbled 114 points, or 4.41%, to 2,470.50, while The Nasdaq Composite COMP closed 340 points, or 4.41%, lower to 7,360.<\/p>\n

Stocks also ended lower on Tuesday, capping a quarter that saw stocks tumble from February records into a bear market at record speed.<\/p>\n

The first quarter marked the worst quarterly performance for the Dow since the fourth quarter of 1987, and the three-month skid also represented the steepest first-quarter drop, from January through the end of March, in the index\u2019s history, according to Dow Jones Market Data.<\/p>\n

Read: Here\u2019s how the stock market tends to perform after brutal quarters<\/a><\/p>\n

Wednesday\u2019s action comes as U.S. investors are coming to grips with the prospect of a long haul for the economy and the markets amid a pandemic that has been contracted by more than 900,000 people world-wide. On Tuesday, President Donald Trump warned that a \u201cvery, very painful\u201d two weeks lie ahead for the country in face of a rapidly spreading COVID-19 epidemic, which originated in December in Wuhan, China and has brought much of the world to a screeching halt to slow the spread of the deadly pathogen.<\/p>\n

The Dow now stands 29.13% from its record close on Feb. 12, while the S&P 500 is off 27% and the Nasdaq is off 25% from their Feb. 19 all-time closing highs.<\/p>\n

Michael Destefano contributed to this article<\/em><\/p>\n

Source: www.marketwatch.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

All three stock-market indexes book losses of at least 4.4%<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-2419","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/posts\/2419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/comments?post=2419"}],"version-history":[{"count":0,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/posts\/2419\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/media?parent=2419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/categories?post=2419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.maxlee.info\/blog\/wp-json\/wp\/v2\/tags?post=2419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}