It’s the worst September for stocks since 2002. What that means for October.

   September is traditionally the toughest month for stocks, but this was a doozy,</p> <p> A Friday drop left the S&amp;P 500 and Dow Jones Industrial Average with their biggest monthly losses since March 2020. And it was the worst September performance for both indexes since 2002. Seasonally inclined investors may wonder what that means for October.

   Dow Jones Market Data took a look at how equities have done in the wake of particularly brutal Septembers.</p> <p>But first, how does the month just ended stack up? The S&amp;P 500 
    SPX,
    -1.51%
   fell 9.34%, while the Dow 
    DJIA,
    -1.71%
   dropped 8.84% and the Nasdaq Composite 
    COMP,
    -1.51%
   declined 10.5%. The Nasdaq’s drop marked its worst September performance since 2008.</p> <p><strong>Deep Dive:</strong> These 20 stocks in the S&amp;P 500 tumbled between 20% and 30% in September</p> <p>Sample size is limited. Not counting the current month, the S&amp;P 500 has seen a September decline of 7% or more 11 times, according to data going back to 1928. The Dow has dropped 7% or more in September 13 times based on data back to 1928. The Nasdaq Composite has suffered a fall of 9% or more in September six times going back to 1986.</p> <p>Dow Jones Market Data found that in Octobers that follow a 7% or larger fall in September, the S&amp;P 500 rises 0.53% on average in October and sees a median gain of 1.81%. That’s better than the average for all Octobers at 0.47% and the median at 1.03%. October is positive in years following an outsize September loss 54.55% of the time, versus 57.45% for all Octobers (see table below).</p>S&amp;P 500
  <strong>Category</strong>



  <strong>7% or worse</strong>



  <strong>All</strong>



  Average



  0.53%



  0.47%



  Median



  1.81%



  1.03%



  Worst Performance



  -16.94%



  -21.76%



  Best Performance



  16.30%



  16.30%



  % of October’s higher



  54.55%



  57.45%


   <p>Seasonal...</p>..

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