The US stock market just logged its most tumultuous quarter since the start of the pandemic, as rising inflation and Russia's invasion of Ukraine spooked investors and encouraged companies to think twice about pursuing mergers or Wall Street debuts
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What's happening: The S&P 500 fell almost 5% between January and March. It was the index's worst three-month period since the first quarter of 2020, when it plunged 20%.This turbulent environment triggered a chill in dealmaking on the heels of a record year for mergers and acquisitions and initial public offerings.
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