Tuesday, 26 May 2020
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Dow ends more than 900 points lower to kick off April

Stocks kicked off April with steep losses on Tuesday, falling as investors braced for an onslaught of negative news around the COVID-19 pandemic and its economic impact.

The Dow Jones Industrial Average finished around 974 points lower, down 4.4%, near 20,943, according to preliminary figures, while the S&P 500 shed around 114 points, or 4.4%, closing near 2,471. The Nasdaq Composite ended near 7,361, off around 340 points, or 4.4%.

Stocks fell sharply in late February and March before recouping some of the decline, with the S&P 500 logging a 20% quarterly decline, its largest since 2008, and the Dow falling more than 23% for its biggest first-quarter decline on record and largest quarterly fall since 1987.

Small-cap stocks have also suffered, with the Russell 2000 Index falling harder than the other indexes Wednesday with a drop of more than 7%.

Source : MarketWatch

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