S&P 500 Rebounded Today After A Difficult Week And Month
Published Friday, October 1, 2021 at: 6:13 PM EDT
The Standard & Poor’s 500 stock index opened the final quarter of 2021 by gaining 1.15% today. For the week, the S&P 500 lost -2.3%, as the budget battle and infrastructure deal in Congress continued a September slump.
According to the Market Intelligence Desk at NASDAQ, September ranks as the worst-performing month for the S&P500 over the last 10- and 20-year periods, and it is the only month with negative average returns over both periods. The S&P 500 lost -4.7% in September.
For the quarter, which ended Thursday, the S&P 500 eked out a gain of six-tenths of 1%. Although the gain was fractional, it was the sixth consecutive quarter in which the S&P 500 showed a positive return since the 19.6% quarterly loss in the first quarter of 2020, when the Covid pandemic struck the U.S.
The S&P 500 closed Friday at 4,357.04, up +64.28% from the March 23, 2020, bear market low.
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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation. Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.
This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.
Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.
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