Stocks drift, still headed to worst quarter since 2008
STAN CHOE and DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers
NEW YORK (AP) — Stocks are headed lower in subdued trading Tuesday, a rare calm day in what is likely to be Wall Street's worst quarter of performance since the 2008 financial crisis.
The S&P 500 is down in afternoon trading after flipping between modest losses and gains, putting its loss for the first three months of the year to 19.8%. Trading was similarly shaky around the world earlier in the day: Global markets initially rose following a stronger-than-expected report on China's economy, but momentum briefly stalled after the number of deaths caused by the coronavirus outbreak jumped in Spain. Major European indexes shook off the early slide and were headed higher.
The surge of coronavirus cases around the worl
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