Stocks closed lower on Wall Street Tuesday, ending the first three months of the year with a decline of 20%, the market's worst quarter since the dark days of the financial crisis.
The loss for the S&P 500 in March alone was 12.5% as the surge of coronavirus cases sent investors fleeing from the market. Stocks did claw back some of those losses with a rally the past week. Massive aid for the economy and markets from the Federal Reserve and Capitol Hill have helped spur some buying, although the S&P 500 and the Dow fell more than 1.5% Tuesday.
The S&P 500 index fell 42.06 points, or 1.6%, to 2,584.59.
The Dow Jones Industrial Average dropped 410.32 points, or 1.8%, to 21,917.16.
The Nasdaq slid 74.05 points, or 1%, to 7,700.10.
The Russell 2000 index of smaller company stocks gave up 5.21 points, or 0.5%, to 1,153.10.
For the week:
The S&P 500 is up 43.12 points, or 1.7%.
The Dow is up 280.38 points, or 1.3%.
The Nasdaq is up 197.72 points, or 2.6%.
The Russell 2000 is up 21.11 points, or 1.9%.
For the year:
The S&P 500 is down 646.19 points, or 20%.
The Dow is down 6,621.28 points, or 23.2%.
The Nasdaq is down 1,272.51 points, or 14.2%
The Russell 2000 is down 515.37 points, or 30.9%.