September trading lives up to its billing and then some.
Stocks were emerging on Monday on a bullish trend that now threatens to push the US equity benchmark into a rally that could set the stage for the September biggest sell-off for the biggest equity gauge of the year.
Broad-Market S&P 500 Index SPX,
At the last test, at 3,3444.75 2. it was down 2 .. down% percent, putting it on the verge of sinking 10% more than its most recent September .2 record. A 10% decline from the recent peak would meet the widely accepted definition of improvement but would also determine the ugly September phase for the index.
According to the Dow Jones market, with a decline of about 3.3%, the index is on its way to its sharpest decline in September, since 2002, when it fell 11% in the month, following fears of a rise in internet-related stocks. Said. Data.
Dow Jones Industrial Average DJIA,
The session was up about 1% in the session, the index will see a decrease of .5% from the date of the month, which will represent its sharp decline from September, if the decline is kept at this level for the month.
Tech-Heavy Nasdaq Composite Index COMP,
That helped support the lion’s share of the market’s boom from coronavirus-induced lodges in late March, to a 9.7% low today, projected the sharpest decline since September 2008, during which unrest was at an all-time high. 2007-08 financial crisis.
Monday’s drop in the market comes amid concerns over the high valuation of Flying Flying stocks in the market since March, but also increased the array of risks, including delays in additional monetary stimulus packages, with the US election campaign season Constant tensions and fears of innovative lockdown in many places, due to the growing Covid-19 case here and abroad.
Reading: The stock market is in tears, but now comes September, the worst month of the year
September is historically the weakest month for the stock, with the 124-year-old Dow averaging 1% on average, compared with an average of 0.7% on all other months.
Since 1937, the S&P 500 has also declined by an average of 1% in September, while the Dow Jones has seen the Nasdaq Composite decline by an average of 0.5%.
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