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Stocks Typically Suffer in September. Why Markets Face More Pain This Year
"Wake me up when September ends," sang the band Green Day -- and many investors will feel the tune was written for them.The ninth month of the year is notoriously unkind to markets, and 2024 could well follow the trend.September has consistently been a miserable time for U.S. stocks. Just check out the average monthly performance for the four main indexes -- the Dow Jones Industrial Average, the benchmark S&P 500, the tech-heavy Nasdaq Composite, and the small-cap focused Russell 2000 -- since their inception:. September has also brought about its fair share of crashes, including the post-9/11 slump and the selloff triggered by the 2008-09 financial crisis -- although the data doesn't always look so bad in presidential election years.Bonds don't tend to offer much relief, either -- the iShares U.S. Treasury bond ETF, which trades under the ticker GOVT and tracks the broad U.S. government bond market, has also typically had its worst month in September:. The August jobs report due out o
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