Dow Wraps Up Worst Quarter Ever, Stocks Fall, U.S. Sees its Deadliest Day Yet
Squawk on the Street - A podcast by CNBC
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Carl Quintanilla, Jim Cramer and David Faber mark the last day of the first quarter. Investors wrapping up a period of historic market volatility sparked by the coronavirus pandemic. The Dow is on track for its largest-ever first quarter loss and the S&P 500 is on track for its 2nd largest-ever first quarter loss. Goldman Sachs now penciling in U.S. GDP down 34% year-over-year annualized in Q2 surpassing Morgan Stanley's forecast and is now the lowest on the street. The U.S. death toll from the coronavirus surpassing 3 thousand as it has its deadliest day yet. Spirit airlines cancels all of its flights in and out of New York, New Jersey and Connecticut based on the CDC's advisory warning against all non-essential travel to and from the area.