Stock Market Mixed in September
Stocks ended September mixed, as the S&P 500 and the Dow Jones Industrial Average (DJIA) led positive returns, while the Nasdaq and the Russell 2000 declined.
The DJIA led major indices with a gain of 1.9%, closing at 26,458.31, while the S&P 500 closed up 0.4% to 2,913.98. The Russell 2000 led laggards, declining 2.5% to 1,696.57, while the Nasdaq declined 0.8% to 8,046.35.
The market was mixed on strong corporate earnings, trade concerns, and the Fed hiking interest rates a quarter of a point late in the month. With trade war concerns a recurring theme over the last quarter, nothing has been able to halt market gains in the third quarter. The DJIA ended the third quarter up 9%, the S&P 500 up 7.2%, and the Nasdaq up 7.1%, reflecting mostly majority gains for the year-to-date period in the third quarter.
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