September proved to be a bruising month for the main U.S. equity benchmarks, resulting in the first losing month for Wall Street since a recovery rally began in late March.
The last time any of those main benchmarks posted as ugly a September performance was 2011, during the European sovereign debt crisis and the downgrade of America’s pristine triple-A credit rating by Standard & Poor’s. Overall, however, on a percentage basis, the S&P 500 and the Dow have tended to fall on average in October. An important point to note, is that the relatively short data set is skewed to the low side by the punishing declines endured by the market in 2008, when the Dow lost 14.1% in October of 2008, the S&P 500 dropped nearly 17% that month, and the Nasdaq Composite tumbled almost 18%.
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:
Trump gets fired and sentenced
Boycott
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Big Tech stocks close out a 'nightmare' SeptemberSeptember has been a tough month for traders overall, but a perfect storm left big tech stocks, a sector that normally leads the market, with losses.
Source: CNBC - 🏆 12. / 72 Read more »
3 reasons why the stock market is overly concerned about US election fallout, JPMorgan says | Markets InsiderAn election judge directs voters outside a polling place in the Pearl Park Recreation Center on August 11, 2020 in Minneapolis, Minnesota Stephe... 'Despite broad public support, raising the minimum wage is always difficult owing to the disproportionate influence that wealthy firms and donors have in Congress.' Angus Deaton. 9 mths Pandemic COVID-19 predict worse than The Great Depression. FAANGS shd pay fair taxes Check out my Gig on Fiverr: Do You Want To Make 3d Animated Logo Intro Video In $5 ? Contact Me : Logo Animation 3D Logo Animation Top Logo Animation Best Logo Animation GREEN 🌎 NEWS
Source: BusinessInsider - 🏆 729. / 51 Read more »
Top 20 stock picks for ESG hedge funds in 2020 market swings: RBC - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The Trump-Biden debate helped the stock market go higher, Jim Cramer says'Wall Street was worried about a lot of things going into last night's debate and almost none of them came true,' the 'Mad Money' host said. Because the silent majority liked what TRUMP said and how well he defended himself against two clowns.. a man of action unlike the media portrays him America is a weird place. I love it though. 😂
Source: CNBC - 🏆 12. / 72 Read more »