U.S. stocks declined amid a retreat among health-care and industrial companies, trimming a ninth straight quarterly advance for the Standard & Poor’s 500 Index.
The S&P 500 lost 0.9 percent to 2,068.05 at 4 p.m. in New York, while marking its longest quarterly winning streak since 1998. The Nasdaq Composite Index, down 0.9 percent Tuesday, posted its longest quarterly winning streak ever.
The S&P 500 swung an average of 1.1 percent between its low of the day and its high in the first quarter, the widest daily moves since the second quarter of 2012, according to data compiled by Bloomberg. The gauge is still down 2.2 percent from a record on March 2 and among the worst performers in 24 developed markets this year.