Third quarterly decline of the Dow Jones in a row



DWall Street ended a very weak month on the stock exchange with significant losses on Friday. Words of warning from the Vice Chair of the US Federal Reserve Federal Reserve on monetary policy in the United States, the markets were only able to support themselves briefly. In the end, the realization that the upward trend in prices has recently picked up again prevailed. This means that the pressure on central bankers remains high to raise key interest rates further in the fight against high inflation.

The leading index Dow Jones Industrial fell 1.71 percent to 28,725.51 points. In the meantime, it had fallen to its lowest level since November 2020. On a weekly basis, this means a minus of 2.92 percent.

September ended dow at a discount of 8.8 percent. The last time there was a major monthly loss was in March 2020 and thus at the height of the Corona crisis. Nevertheless, the balance sheet for the third quarter is less negative than in the previous quarter with a minus of 6.7 percent. However, the stock market barometer recorded the third quarterly loss in a row – this was last in 2015.

The market-wide S&P 500 was down 1.51 percent on Friday at 3585.62 points. The Nasdaq 100 technology index lost 1.73 percent to 10,971.22 points.



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