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By Staff Reporters
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The S&P 500 tumbled 1.5% after trying — and failing — to find its footing earlier in the session, while the Dow Jones Industrial Average erased nearly 500 points, or 1.7%. The technology-focused NASDAQ Composite declined 1.5%.
The NASDAQ and S&P 500 are now in three-quarter losing streaks for the first time since 2009. The Dow also posted a third-straight losing quarter, its first such time since 2015. All of the major indexes are down at least 21% on the year.
The S&P 500’s drop on Friday marked its 50th decline of 1% or more this year, the most downside volatility since 2009, according to Compound Advisors’ Charlie Bilello. For the month, the S&P 500 and Dow were down more than 9%, and the NASDAQ about 5.5%. September’s 9.3% decline for the S&P was its largest one-month percentage decline since March 2020.
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Filed under: Alerts Sign-Up, Investing | Tagged: Brutal Wall Street, Third Quarter Wall Street, Wall Street |
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