Mar 29, 2019

Global stocks have largely recovered from 2018's rough 4th quarter

Data: Factset and T. Rowe Price; Chart: Naema Ahmed/Axios

Today is the last trading day of the quarter and stocks around the globe have essentially recouped all losses from the final three months of 2018.

The big picture: Not a single major index ended 2018 in the green but stocks have rebounded, despite intensified fears about a slowing global economy.

Bonus: The S&P 500 is on pace for the best quarterly percentage gain in nearly 10 years, per CNBC.

Go deeper ... Hedge fund manager David Einhorn: "Nothing went right" in 2018

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Big video game conference delayed amid coronavirus concerns

Photo: GDC

Next month's Game Developers Conference in San Francisco became the latest tech event to be cancelled or postponed amid growing concerns over the spread of the novel coronavirus.

The big picture: A growing number of events are being scrapped, including Mobile World Congress and Facebook's F8 developer conference. Some, like the giant SXSW event in Austin, insist they are moving forward.

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Trump again nominates Rep. John Ratcliffe for intelligence chief

Ratcliffe at CPAC on Feb. 27. Photo: Michael Brochstein/Echoes Wire/Barcroft Media via Getty Images

President Trump again nominated Rep. John Ratcliffe (R-Texas) as Director of National Intelligence (DNI), in a tweet on Friday.

Catch up quick: If confirmed, Ratcliffe would eventually replace Richard Grenell, a staunch defender of Trump and former U.S. ambassador to Germany who was installed as the acting DNI only a few weeks ago. Grenell would have had to leave the post on March 11 unless Trump formally nominated someone else to oversee the U.S. intelligence community, the New York Times reports.

Go deeperArrowUpdated 1 hour ago - Politics & Policy