The Nasdaq managed to relatively outperform – only losing 0.4% – as yields fell over the day. Weakness in the final hour topped off what was already a very poor month for US stocks – the weakest since March 2020 – with the Nasdaq off 5.3%, S&P 500 4.8% and Dow 4.3% for the month.
Download the full reportUS markets move lower in the final hour of trade, ASX futures off ~1.5%
Stocks sink on the last day of September. After trading between modest gains and losses for most of the day, US stocks took a sharp turn lower in the final hour of trading overnight, to see the Dow Jones and S&P 500 off by ~550 points and 1.2% respectively.