U.S. Stocks Open Mostly Lower As Investors Prepare to Cap a Volatile Quarter

Tiger Newspress2022-03-31

Stocks were modestly lower in early trading Thursday as traders wrap up a rocky first quarter for Wall Street.

The Dow Jones Industrial Average slipped 115 points, or 0.3%. The S&P 500 dipped roughly 0.1%, and the Nasdaq Composite was flat.

Some tech stocks were under pressure Thursday amid analyst concerns over the PC market going forward. AMD shares slipped more than 1% in the premarket after analysts at Barclays downgraded the stock to equal weight from overweight. Meanwhile, HP Inc and Dell dipped 3.8% and 2%, respectively, after being downgraded to equal weight from overweight at Morgan Stanley.

Thursday marks the last trading day of March and of the first quarter.

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Comments

  • JCai
    2022-04-03
    JCai
    K
  • Sunshinekim
    2022-04-01
    Sunshinekim
    I suppose this is what we all can term a waiting Game! Persevere and emerge strong
  • following to
    2022-04-01
    following to
    Ok
  • PearlynCSY
    2022-04-01
    PearlynCSY
    Dow drops 500 points to end worst quarter for stocks in 2 years. For the first quarter, the Dow and S&P 500 closed down 4.6% and 4.9%, respectively. The Nasdaq lost 9%. For the three major averages, this was worst period since the first quarter of 2020, which marked the start of the Covid pandemic in the U.S. and saw the S&P 500 tumble 20%. The start of a rate hiking cycle from the Federal Reserve, high inflation and the Ukraine crisis all contributed to the struggles for equities this quarter.
  • SCLIEW
    2022-04-01
    SCLIEW
    666
  • BG68
    2022-04-01
    BG68
    Ohh no 😣😣 !!!
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