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.
Read more:
https://apnews.com/article/inflation-asia-sydney-tokyo-business-fb2c89be1c4339179bd501dd1c8849ec?utm_source=homepage&utm_medium=TopNews&utm_campaign=position_04