Dow closes down more than 400 points to end worst first quarter in history

The Dow Jones Industrial Average on Tuesday closed down by more than 400 points, concluding its worst first quarter in history. The move comes after the index on Monday gained 690 points or more than 3 percent.  

The S&P 500 and Nasdaq also closed down on Tuesday, posting losses of 1.6 percent and nearly 1 percent respectively. 

The Dow declined by more than 23 percent during its worst first quarter in history.

Voluntary and government-ordered business closures and restrictions have hit the U.S. economy hard, leaving some workers unemployed amid the coronavirus crisis.

President Trump on Sunday announced that his administration's social distancing guidelines will remain in place until the end of April.