Wall Street Heads for Worst Quarter Since 2020

Wall Street Heads for Worst Quarter Since 2020
Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York, on March 7, 2022. Andrew Kelly/Reuters
Reuters
Updated:

U.S. stocks fell on Thursday on worries about the raging conflict in Ukraine and the outlook for U.S. interest rate hikes, putting the main indexes on course for their worst quarter since the pandemic crash in 2020.

Optimism around the peace talks this week faded as Ukrainian forces prepared for fresh Russian attacks in the southeast region.