The S&P 500 Index finished the quarter up nearly 1% after falling as much as 10.5% at one point in February. That makes it the first quarter since the Great Depression where the benchmark fell more than 10% and then rebounded to end higher, according to LPL Financial.
The sharp fall and equally sharp recovery sent investors globally scrambling to shift their money. In January, investors pulled $4.97 billion from global equity funds and then poured $7.49 billion back in, according to Citigroup research.
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