US stocks traded mixed on Friday as a government shutdown looked increasingly likely.
The session also closed out a dismal September, with the S&P 500 losing 5% to mark its worst month of 2023.
AdvertisementAdvertisementUS stocks traded mixed on Friday as investors initially cheered better-than-expected inflation news but grew jittery as a government shutdown appeared more likely.
The S&P 500 slid around 5% to mark its worst month of 2023, while the Dow lost about 4%, and the Nasdaq sank 6%.
Since 1950, the S&P 500 has historically declined in September 55% of the time, posting an average loss of around 3.8%.
Persons:
—, Adam Turnquist
Organizations:
Service, Dow, Nasdaq, Dow Jones