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Stocks slip at open, headed for worst quarter since 2008

Dow sees worst three-month period since late 1987
Stock market headed for worst quarter since 1987
Posted at 7:58 AM, Mar 31, 2020
and last updated 2020-03-31 09:58:49-04

NEW YORK (AP) — Stocks opened slightly lower on Wall Street Tuesday as investors close out a brutal month of March.

The S&P 500 is headed for its biggest quarterly decline since the last quarter of 2008.

For the Dow, it could be the worst three-month period since late 1987.

After dropping sharply for two weeks, the market rallied recently on moves by central banks and governments to boost their economies, but the mood among investors still appears closely linked to evidence of the spread of the coronavirus pandemic.

Oil prices rose a day after dropping to their lowest level since 2002.