The stock market's summer rally ran out of steam in August. Here's what history says about September.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

A summer U.S. stock-market rally off lows for the year seen in June shuddered to a halt in August, leaving major indexes on track for monthly losses as...

A summer U.S. stock-market rally off lows for the year seen in June shuddered to a halt in August, leaving major indexes with monthly losses as investors braced for the start of a traditionally unpleasant month for equity bulls.

Since 1950, September has been the worst performing month of the year for the Dow Jones Industrial Average DJIA , S&P 500 SPX and Russell 1000 RUI and the worst for the Nasdaq Composite COMP since 1971 and the small-cap Russell 2000 RUT since 1979, noted Jeff Hirsch, editor of the Stock Trader’s Almanac, in a blog post.

The 200-day moving average, however, appeared to be a bridge too far. After ending at a nearly four-month high on Aug. 16, the S&P 500 stalled out at the long-term average. So stocks on Wednesday, the last trading day of the month, suffered a fourth straight loss, leaving the S&P 500 down 4.2% for the month, the Dow down 4.1% and Nasdaq with an August loss of 4.6%. The S&P 500 is down 17% year to date, while the Dow has slumped 13.3% and the Nasdaq has dropped 24.5%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Lol PHASE 6 INBOUND

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nasdaq records largest 4-day losing streak since June as stocks finish August in the redU.S. stocks finished in the red for a fourth straight day on Wednesday. The Dow Jones Industrial Average retreated 280.44 points, or 0.9%, to 31,510.43, finishing August down 3.9%. I can see is making new 52 week lows in September I love the manipulation of the market. They just making thing better for us and bad for them 🫣
Source: MarketWatch - 🏆 3. / 97 Read more »