Stocks' Second-Quarter Start Is the Worst Since the Great Depression

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Sarah Ketterer, chief investment officer at Causeway Capital, says some tech stocks got ahead of themselves.(Source: Bloomberg)

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By Rachel Evans and Lu Wang

April 2, 2018 at 5:13 PM UTC

Updated on

April 2, 2018 at 8:24 PM UTC

This article is for subscribers only.

If you feel like the second quarter began badly, you’d be right.

U.S. stocks had their worst April start since 1929, according to data compiled by Bloomberg. The S&P 500 index slumped 2.2 percent, a rout exceeded only by its 2.5 percent decline 89 years ago, a prelude to the devastating crash later that year that brought on the Great Depression. (Back then, the index only comprised 90 stocks.)

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