Stocks' Second-Quarter Start Is the Worst Since the Great Depression

Tuesday, April 3, 2018 | Tag Cloud Tags: , , , , ,

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(Worthy News) - U.S. stocks had their worst April start since 1929, according to data compiled by Bloomberg. The S&P 500 index slumped 2.2 percent, a rout exceeded only by its 2.5 percent decline 89 years ago, a prelude to the devastating crash later that year that brought on the Great Depression. (Back then, the index only comprised 90 stocks.)

China’s retaliatory trade tariffs combined with President Donald Trump’s criticism of Amazon.com Inc. to send equities into a tailspin Monday. Shares in the online retailer tumbled, encouraging a sell-off in consumer discretionary and technology stocks. The S&P 500 closed below its 200-day moving average -- a key technical support -- and volatility climbed.

The stock slide also looked pretty bad when compared to the beginning of other quarters. Equities lost more than on any other quarterly first day since October 2011, when stocks plummeted 2.8 percent, Bloomberg data show. [ Source: Bloomberg (Read More...) ]

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3 thoughts on “Stocks' Second-Quarter Start Is the Worst Since the Great Depression”

  1. One year ago.

    What Bloomberg compiles is a Globalist pie attempting to financially shakeup the confidence in markets across the board to try to Indict the restorative sovereignty of DJT. It shall fail. It is the premise of anti Globalism. And the money saved from useless wars ALONE proves this is phony.

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