September is usually a bad month for investors, with the S&P 500 falling on average by about 1%, according to Howard Silverblatt, a senior analyst with S&P Dow Jones Indices.
But this September, it fell by more than 9%.
That makes this the worst September since 2002, when it fell by 11%.
It’s another bleak milestone in a year where the stock market has seemingly gone from bad to worse and hurt almost every investor, from those making contributions to their 401(k) accounts to portfolio managers overseeing hundreds of billions of dollars. With so much turbulence over the last quarter, month and even week, the chances that the stock market will end 2022 on a high note have nearly evaporated.
By the end of September, all three major indexes were solidly in bear market territory, meaning they have fallen more than 20% each from their highs.
The S&P has also had the worst year-to-date performance in 20 years. The tech-heavy Nasdaq is down more than 30% already this year. The Dow, which fell 9% this month, has erased any gains it made in the last two years, falling back where it was in November 2020.
Read more at NPR.orghttps://www.npr.org/2022/10/01/1126224811/a-bad-year-for-wall-street-gets-even-worse-as-stock-markets-finish-september-dow
