US stocks ended September with their biggest monthly decline since December 2022, with the S&P 500 and Dow dropping by 4.8% and 3.4%, respectively, while the technology-heavy Nasdaq lost 5.8%. The expectation of “higher for longer” interest rates put pressure on markets. With hawkish commentary from several Fed policymakers, investors are worried that a pivot toward lower rates will not happen any time soon.
US stocks ended up lower once again in October, with the S&P 500 and Dow dropping by 2.1% and 1.3%, respectively, while the technology-heavy Nasdaq lagged, losing 2.8%.
Concentrated Stock Quarterly Update Q3 2023
US stocks ended September with their biggest monthly decline since December 2022, with the S&P 500 and Dow dropping by 4.8% and 3.4%, respectively, while the technology-heavy Nasdaq lost 5.8%. The expectation of “higher for longer” interest rates put pressure on markets. With hawkish commentary from several Fed policymakers, investors are worried that a pivot toward lower rates will not happen any time soon.
Mixed Earnings, Surging Yields, and Macro Uncertainties Weigh on Markets
US stocks ended up lower once again in October, with the S&P 500 and Dow dropping by 2.1% and 1.3%, respectively, while the technology-heavy Nasdaq lagged, losing 2.8%.