Dow heads toward worst quarter since 1987

U.S. equity markets were trending toward their worst three-month stretch in years despite occasional upswings on Tuesday, the final trading day of the quarter.The Dow Jones Industrial Average dropped 178 points, or 0.8 percent, wiping out earlier gains. The S&P 500 fell 1 percent, and the tech-heavy Nasdaq Composite slipped 0.4 percent.The Dow, which through Monday had fallen almost 22 percent this year, was on track for its biggest quarterly decline since 1987. The S&P 500 was looking at its worst quarter since 2008 and the Nasdaq was heading toward its largest quarterly decline since the end of 2018. TickerSecurityLastChangeChange %I:DJIDOW JONES AVERAGES22179.05-148.43-0.66%SP500S&P 5002611.95-14.70-0.56%I:COMPNASDAQ COMPOSITE INDEX7767.552605-6.60-0.08%Looking at stocks, cruise operator Carnival Corp. announced a $1.25 billion common stock offering and note offerings totaling $4.75 billion. Rival Norwegian Cruise Lines extended its suspension of cruises through May 10, a month longer than previously planned.American Airlines said after Monday’s closing bell that it expects to receive $12 billion in federal aid. Last week, Congress said the industry would receive $50 billion in relief funds.TickerSecurityLastChangeChange