Stocks end September down 9.3%, worst month since March 2020
September 30, 2022
Wall Street closed out a miserable September on Friday with the S&P 500's worst monthly skid since March 2020, when the coronavirus pandemic crashed global markets.
The benchmark index ended the month with a 9.3% loss and posted its third straight losing quarter. It's now at its lowest level since November 2020 and is down by more than a quarter since the start of the year.
The main reason financial markets continue to struggle is fear about a possible recession, as interest rates soar in hopes of beating down the high inflation that's swept the world.
"Quite frankly, if it's a deep recessi...