September 14: Market Summary
When will the pullback end?
Here are today’s market moves:
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.