September 14: Market Summary

When will the pullback end?


Markets

Here are today’s market moves:


What Happened?

  • The S&P 500 and Dow Jones fell on Tuesday, continuing their slide in September, a month that is known to be bad for stocks.

  • The good news is that October, November, and December tend to be positive months for stocks.

  • The Labor Department said Tuesday that Consumer prices (CPI) in August rose 5.3% from a year ago and 0.3% from July.

  • These figures were below expectations and are unlikely to change the Fed’s tapering timeline.

  • The crypto market gained on Tuesday, with Bitcoin trading near $47k, as the market claws back some of its losses from the past week.


What Else?