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

2022-10-01 09:13:44       source:The Associated Press

September 30, 2022

Wall Street closed out a miserable September on Friday with the S&P 500′s worst monthly skid since March 2020, when the coronavirus pandemic crashed global markets.

The benchmark index ended the month with a 9.3% loss and posted its third straight losing quarter. It’s now at its lowest level since November 2020 and is down by more than a quarter since the start of the year.

The main reason financial markets continue to struggle is fear about a possible recession, as interest rates soar in hopes of beating down the high inflation that’s swept the world.

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