The S&P 500 experienced its fourth consecutive week of decline, reaching its lowest point in nearly four months. During the week, the index recorded a decrease of less than 1%, showing relatively better performance compared to the Dow Jones, while the NASDAQ managed to achieve a marginal increase.
In the month of September, the S&P 500 faced a significant drop of almost 5%, marking its second consecutive monthly decline. This shift in momentum has significantly impacted the year-to-date gains of the stock market. As of the closing on Friday, the index had fallen by nearly 7% since its peak on July 31.
Reviewing the US Stock Markets, the Nasdaq Composite, recorded a decent gain of 212 points, reaching a closing value of 13,431 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, addin g20 points to settle at 4,308 points. Meanwhile, DJIA Index experienced a notable shed, diving by 100 points during the week and concluding at 33,407 points after a week of lose.
In contrast, Russell 3000 Index saw a gain in week performance, with a slight gain of 4 points to reach 2,466 points by the end of the week.
Moving to Russell 2000 Index, demonstrated a notable drop of 40 points, ending the week at a steady 1,745 points.
