Dow turns positive in volatile trading as it wraps up its worst first quarter ever
Stocks rebounded on Tuesday, the last day of the first quarter, as investors wrapped up a period of historic market volatility sparked by the coronavirus pandemic.
The Dow increased for the fifth day in six, easing the losses of what’s shaping up to be its worst first quarter ever.
A series of events could explain Tuesday’s turnaround:
- U.S. consumer confidence dropped less than expected in March. The Conference Board said Tuesday its consumer confidence index dropped to 120 this month from 132.6 in February, beating expectations of 110, according to Dow Jones.
- Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, told CNN that he is starting to see “glimmers” that social …continued .
[Source: CNBC News]