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(Wednesday Market Close) Meet the new quarter; same as the old quarter. The silver lining is that the ugliness isn’t quite as ugly as in the recent past.
Hopes for a “V-shaped” recovery took a blow Wednesday as April opened and last week’s rally went up in smoke. Major indices gave away a decent-sized chunk of their recent gains, but maybe there’s solace in seeing the market avoid another limit-down plunge.
The selling began early both overseas and in U.S. futures markets, then gathered steam once the U.S. session began. There was a brief comeback attempt at mid-morning, but it couldn’t find traction and got stamped out quickly. President Trump’s warning yesterday about a tough two weeks ahead and the potential for a U.S. death toll in the six figures likely intensified peoples’ worries and played into Wednesday’s selling.
Increased volatility has increased questions. We've put together answers for the most commonly asked questions to help you get the info you need quickly.
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