August is shaping up to be a poor month for the Nasdaq Composite, but history suggests that it will only get worse before it gets better.
The Nasdaq Composite is headed for its worst month since May, down more than 4%.
The Dow Jones Industrial Average and the S & P 500 were down more than 2% and 3%, respectively.
September is actually the only month out of the year that the Nasdaq Composite averages a negative return, as well as the lowest rate of advance.
On Monday, however, the Nasdaq Composite appeared to consolidate somewhat from its August lows.
Persons:
It's, Sam Stovall, Stovall, John Roque, NVDA, manna, sloppily, Roque, — CNBC's Michael Bloom, Gabriel Cortes
Organizations:
Nasdaq, Dow Jones Industrial, Nvidia, Research, Meta