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Stocks open slightly lower; market is on track for its biggest quarterly decline since the fourth quarter of 2008

Mark Simone
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Burst Details

Stocks open slightly lower; market is on track for its biggest quarterly decline since the fourth quarter of 2008

710 WOR |
Last month
710 WOR

Automatic TRANSCRIPT

And P. and nasdaq are moving into positive territory although it's a very fluid situation as we move through the morning more news on the corona front more companies reporting disruptions obviously from the on going shelter in place orders that exist around the nation meanwhile we have interest rates coming down a bit the fed reserve now supplying dollars to almost every central bank on the planet that is helping ease some of the strains in global credit markets bringing down the interest rate to structure a little bit the yield on ten year treasury a point six eight percent the dollar though is a little firmer against key foreign currencies oil prices trying to stabilize after dipping below twenty dollars a barrel yesterday gold is down sixteen dollars an ounce a lot of end of quarter portfolio adjustments being made today they're said to be some large rebalancing going on as pension funds sell bonds to buy stocks given that their asset allocation models are now a bit out of whack given the volatility we've seen in this first quarter the worst first quarter on record and the worst quarterly performance for the stock market since two