Dow dips 400 pts at close to finish worst-ever Q1

Tuesday, 31. March 2020 22:00

Equities on the United States stock markets dropped at the closing bell on Tuesday with the Dow Jones plunging more than 400 index points, completing the worst-ever quarter one.

Goldman Sachs saw the US gross domestic product slumping as much as 34% in the second quarter due to the coronavirus pandemic. Meanwhile, San Francisco Federal Reserve Bank President Mary Daly claimed that the country's economy could already be in recession, adding it will "get worse before it gets better."

The Dow plummeted 1.85% at the closing bell with American Express losing more than 5%, while the Nasdaq 100 went down by 0.96% as Dollar Tree slipped nearly 8%. The S&P 500 dropped 1.61% at the same time with DXC Technology slumping nearly 10%.

The euro lost 0.19% against the greenback to change hands for 1.10260 at 3:58 pm ET.

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