U.S. Stocks Slide, S&P 500 Posts Worst Month - Doo Prime News
Doo Prime News > Analysis > Global Stock Markets > U.S. Stocks Slide, S&P 500 Posts Worst Month
US Stocks 

Fundamental Analysis: 

The U.S. stock market ended sharply lower on Thursday, 30th September 2021, and the S&P 500 posted its worst month since the onset of the global health crisis, following a tumultuous month and quarter wracked by concerns over COVID-19, inflation fears, and budget wrangling in Washington.

The U.S. Senate and the House of Representatives approved a stopgap spending bill to keep the government running late in the session. However, after a brief market uptick, stocks resumed their decline, dragging even the Nasdaq into the red after trending higher most of the day.

All three major U.S. stock indices had their worst quarterly performance since the opening months of 2020, when the COVID-19 pandemic brought the global economy to its knees. 

The S&P 500 notched a modest gain from July to September, while the Nasdaq and the Dow suffered quarterly losses. 

In September 2021, the S&P and the Nasdaq suffered their biggest percentage drops since March 2020, while the Dow recorded its largest monthly percentage drop since October 2020.

Technical Analysis:

(Dow30,1-hour chart) 

Execution Insight:

As long as the Dow runs below the middle Bollinger Band today, it will maintain a bearish trend. At that time, pay attention to the support strength of the two positions of 33584 and 33390.

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