The stock market has its worst month since the start of the pandemic

The stock market has its worst month since the start of the pandemic.

According to CNBC:

The weakness for the market came on the final day of what has been a rough month for equities, as rising rates, inflation fears and concerns about the Chinese property market have roiled stocks. The S&P 500 finished September down more than 4% for its worst month since March 2020, when the pandemic caused a major market sell-off. The Dow and the Nasdaq suffered their worst months in 2021.

“September lived up to its reputation and dented stock portfolio returns, but not too badly,” wrote Ed Yardeni of Yardeni Research. “There has been a lot of concern that higher wages, higher energy prices, and higher transportation costs will weigh on earnings for the remainder of this year and into 2022. It’s certainly something we’ll be tracking. But so far, analysts remain relatively sanguine.”

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