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Coronavirus: S&P 500 headed for worst first quarter since 1938

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globalnews.ca

Wall Street’s main indexes opened lower on Tuesday, with the S&P 500 headed for its worst first quarter since 1938 amid growing evidence of the scale of the damage caused by the collapse in oil prices and business activity due to the coronavirus.

The Dow Jones Industrial Average fell 119.06 points, or 0.53%, at the open to 22,208.42. [ Sign up for our Health IQ newsletter for the latest coronavirus updates ] The S&P 500 opened lower by 11.96 points, or 0.46%, at 2,614.69.

The Nasdaq Composite dropped 34.09 points, or 0.44%, to 7,740.06 at the opening bell. In Toronto, however, strength in the energy sector helped lift Canada’s main stock index in early trading.

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