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The Standard & Poor's 500 and Nasdaq record their largest monthly losses this year
The Standard & Poor's 500 index closed lower today, Friday, as investors are evaluating the implications of the inflation report in the United States on the path that the Federal Reserve will take regarding interest rate policy. Investors also focused on adjusting their portfolios on the last day of the third quarter, which came... Weak relative to stocks
The Standard & Poor's 500 and Nasdaq Composite indices recorded the largest monthly percentage decline of the year, while the three major indices recorded their first quarterly decline in 2023.
According to preliminary data, the Standard & Poor's 500 index fell by 11.65 points, or 0.27%, to close at 4,288.05 points, while the Nasdaq Composite index gained 18.05 points, or 0.14%, to 13,219.32 points. The Dow Jones Industrial Average fell 158.84 points, or 0.47%, to 33,507.5 points.
