Dow drops 400 points as stocks close out their worst first quarter ever; European shares close higher on China data, but log worst first quarter ever; BELEX nearly flat; Serbian Inudtsrila output in Fberuary up 7.6% y/y, retail trade trunover jumped 13.3% y/y.
Stocks fell on Tuesday, the last day of the first quarter, as investors wrapped up a period of historic market volatility sparked by the coronavirus pandemic. The Dow Jones Industrial Average closed 410.32 points lower, or 1.8%, at 21,917.16. The S&P 500 dropped 1.6% to 2,584.59. The Nasdaq Composite fell nearly 1% to 7,700.10. The 30-stock benchmark was up as much as 152 points earlier in the day.
Goldman Sachs said that the economy would go through an unprecedented plunge in the second quarter, but that the recovery would then be the fastest in history.
U.S. consumer confidence posted a big decline. The Conference Board said Tuesday its consumer confidence index dropped to 120 this month from 132.6 in February.

European shares closed higher Tuesday, after some positive Chinese manufacturing data, but completed their worst quarter since 2002 due to the coronavirus crisis and fears of an immediate recession in the region. The pan-European Stoxx 600 closed up 1.5%, paring earlier gains, with travel and leisure stocks adding 4.9% while banks fell 0.1%.
In terms of individual stocks, German meal kit delivery firm Hellofresh continued to benefit from lockdown measures, climbing 13%

Serbian BELEX15 was flat yesterday, while most of total turnover was related to Komercijana Banka (RSD 20m), which gained 1%. NIS was down 0.72%. Other names were far less active.
According to the Serbian Statistical Office data for February, industrial production rose 7.6% y-o-y, driven mainly by manufacturing and mining, and to a lesser degree, also by the energy sector. Retail trade turnover continued to grow at high rates, climbing by 13.3% relative to February 2019.
Source: CNBC, Ilirika