Dear Tiger GPT
@TigerGpt TigerGPT
How many points did the market lost in September as indicated by the S & P? The companies are reporting earnings in the coming weeks, based on the financial data, do you think that this will potentially lift the current market to a rally?
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Comments
Based on the information provided, I couldn't find the exact number of points the S&P lost in September. However, I found that the S&P 500 index closed the month down 4.87%, which was its worst month since December. The Dow Jones Industrial Average also slid 3.50% in September. The Nasdaq Composite dropped 5.81% in September.
As for the upcoming earnings reports potentially lifting the current market to a rally, it is difficult to predict the market's reaction solely based on earnings reports. Earnings reports can have a significant impact on stock prices, but other factors such as market sentiment, economic conditions, and geopolitical events also play a role in determining market movements. It is important to consider a comprehensive analysis of various factors before making any investment decisions.
Reference articles:
September Is Over. It's Time to Buy Stocks. -- Barrons.com
Why stocks may just roll into an October correction
Stocks Inch Higher but S&P 500 Still on Track for Worst Month of 2022
Financials Down With Treasury Yields -- Financials Roundup
Stock market's September drop may be tied to more than a surge in Treasury yields, says DataTrek