Stocks end September down 9.3%, worst month since March 2020

September finished on a miserable note for stocks with a loss of 9.3%, which makes it the worst monthly decline since March 2020.The benchmark index has lost ground for six of the last seven weeks and posted its third straight losing quarter.

Nike fell sharply after the company had to slash prices to clear inventories, while Carnival dropped following weaker-than-expected quarterly results.The root cause of markets struggling is fear, as people worry about a possible recession and interest rates soaring in hopes of beating down the high inflation that's swept the world.

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Micron earnings suggest the chip downturn could be worse than Wall Street expectsOPINION: Micron executives say that a “sharp and sudden” drop in demand exceeded their already low expectations, suggesting the current chip glut could get a lot worse, writes columnist tpoletti. tpoletti But then why are car companies still saying there is chip shortages? tpoletti Russia must have used a lot tpoletti Only reason this is making headlines is because everyone knows fuck eyes Pelosi was holding it.
Source: MarketWatch - 🏆 3. / 97 Read more »