Reuters – Air Canada shares sank 22 percent on Tuesday as analysts speculated that the resignation of its CEO, and the naming of a replacement known for his restructuring expertise, may signal the airline’s second filing for creditor protection in six years.
AP – The first quarter on Wall Street was so extreme it included a bear market and a bull market all its own ? moves that sometimes take years or more. Now investors head for spring still unsure which side is in control.
Investor’s Business Daily – The Shanghai Composite index outperformed all global markets in the first three months of the year, logging its best first-quarter start since 2000. The SCI soared 30%, while the MSCI Emerging Markets index ended flat and the FTSE World index lost 9%.
Reuters – Stocks climbed on Tuesday, driving the S&P 500 to its best month since October 2002, as investors snapped up top-performing bank and technology shares as the first quarter came to an end.
AP – Wall Street ended a tumultuous March on a high note, managing its first winning month this year and its best monthly performance in nearly seven years. Stocks finished off their earlier highs on Tuesday but resumed a three-week rally that has brought the Dow Jones industrials up 16 percent since hitting new 12-year lows in early March. The Dow logged a 7.7 percent gain for the month ? its biggest monthly advance since October 2002.
