Dow remains on track for worst first quarter in history as it slides at open
U.S. stocks indexes on Tuesday opened modestly lower, with the Dow Jones Industrial Average at risk of the worst quarterly performance on record, as investors have dealt with the impacts of a global pandemic. The Dow DJIA, -0.94% was down 118 points, or 0.5%, at 22,242, the S&P 500 index SPX, -1.02% shed 0.4% at 2,616, while the Nasdaq Composite Index COMP, -0.65% was 0.5% lower to start Tuesday action. For the Dow, it is on pace for a 12.7% decline in the last session in March, and a 22.
Meanwhile, the S&P 500 was set for a more than 11% decline for the month and a quarterly skid of 19%. The Nasdaq was on pace for a loss of 9,6% for the month and 13.7% for the quarter end. Meanwhile, the Federal Reserve said Tuesday it will launch a temporary lending facility that will allow foreign central banks with accounts at the Fed to convert their holdings of Treasuries into dollars, its latest in a series of efforts to fix liquidity issues in the global market.
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