NEW YORK - U.S. equity markets tumbled Wednesday, extending the pain from their worst first quarter in years, after President Trump warned the number of COVID-19 infections is set to surge.
The Dow Jones Industrial Average plunged 877 points, or 4 percent, in the opening minutes of trading while the S&P 500 and Nasdaq Composite fell 3.7 percent and 3.08 percent, respectively. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates The blue-chip Dow plummeted 23 percent during the first three months of the year, its worst quarter since 1987.
The S&P 500 fell 20 percent and the Nasdaq Composite shed 14 percent, their worst quarterly performances since the fourth quarters of 2008 and 2018, respectively.