Yesterday, the final day of March and of the first quarter, the Dow Jones Industrial Average fell by 1.8 percent. Overall, the index was down 23.2 percent for the first quarter, That was its biggest decline since the fourth quarter of 1987, the year that Black Monday occurred, on October 19.
The S&P 500 Index ended with a first-quarter decline of 20 percent, its biggest quarterly loss since 2008. It was also the S&P's worst first quarter ever. The Nasdaq suffered a first-quarter decline of 14.2 percent.
The only Dow stock that rose during the first quarter? Microsoft. It closed at $157.71 yesterday, up exactly one penny from its $157.70 close on December 31.
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