U.S. stocks tumbled on Thursday and ended the first quarter of 2022 with the biggest quarterly decline in two years, as concerns lingered over the conflict in Ukraine, its inflationary effect and the U.S. central bank’s response to rising prices. prices.
The S&P 500 index closed down 1.57% at 4,530.41 points. The Dow Jones fell 1.56% to 34,678.35 points. The Nasdaq Composite technology index fell 1.54% to 14,220.52 points.
Although the S&P 500 index suffered its worst quarter since the Covid-19 pandemic was in full force in the US in 2020, the shares had some recovery in March. In the quarter, the S&P 500 was down 4.9%, the Dow Jones index lost 4.6% and the Nasdaq technology index fell 9.1%.
But for the month, the S&P 500 is up 3.6%, the Dow Jones is up 2.3% and the Nasdaq is up 3.4%. All 11 major S&P sectors were down on the trading floor, with finance and communications services among the weakest.
The energy sector is easily the best performer so far this year, with a gain of around 38%, even as it retreated as oil prices tumbled, following U.S. President Joe Biden’s announcement that the U.S. study a record release of barrels from the country’s emergency reserve of the commodity.
OPEC+ maintained its existing production agreement. The sector secured its biggest quarterly high on record with the advance.
Source: CNN Brasil
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