U.S. Stocks End With Worst Quarterly Losses In 4 Years

U.S. stocks rallied into the close Wednesday, driven by gains in consumer discretionary, materials and health-care sectors, but the main indexes still ended the month and a quarter with deep losses. The main indexes recorded the steepest quarterly losses in four years. The S&P 500 closed 35.91 points, or 1.9%, higher at 1,920.00. The benchmark index booked a 2.7% monthly loss and was down 7% over the quarter. The Dow Jones Industrial Average jumped 235.57 points, or 1.5%, to 16,284.70. The blue-chip index ended the month 1.5% lower and booked a 7.6% quarterly loss. The Dow ended lower for a third straight quarter. The Nasdaq Composite gained 102.84 points, or 2.3%, to 4,620, its biggest one-day gain in three weeks. The tech-heavy index lost 3.3% over the month and 7.4% over the past quarter.

Copyright © 2015 MarketWatch, Inc.