News S&P 500 Lumps to a Little Lower Close As Quarter-End Looms

S&P 500 Lumps to a Little Lower Close As Quarter-End Looms

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The S&P 500 is limping to a slightly lower close as the first quarter of the year winds down. The Dow is tumbling, and the S&P is on pace to post its worst quarter since the first half of 1970. The Nasdaq, on the other hand, is headed for its worst quarter since 1962, and the tech-heavy Nasdaq has logged its worst first half of the year since the recession of 2008.

The S&P 500 dragged on Tuesday as the Nasdaq and Dow were on track to post their worst first-half performances since the financial crisis. All three indices are bound to post declines for the second quarter in a row, a record since the last time all three fell at the same time in 2015. In addition, five of the 11 sectors that make up the S&P 500 dipped, and energy and health care stocks led the way lower in percentage terms.

The S&P 500 closed down a bit Monday after recovering from its huge loss last week. Other sectors, including the Nasdaq Biotech Index, rose. Dow and S&P 400 Midcaps each posted modest gains. The Nasdaq Composite posted two new 52-week lows and one new 52-week high, with Biotechs and Semiconductors advancing the most.

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