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U.S. stocks end September lower
U.S. stock indices closed September with mixed results: the Dow Jones dropped by 4.9%, and the S&P 500 declined by 0.7%, while the Nasdaq rose by 1.7% thanks to strong performance in the technology sector. This followed a 3.4% year-over-year increase in the core Personal Consumption Expenditures (PCE) price index in August, which was lower than market expectations of 3.7%. Additionally, the wave of rising yields on 10-year U.S. Treasury bonds continued, reaching 5.29%, with oil prices stabilizing in the mid-$90s per barrel, reflecting ongoing inflation concerns and market volatility.
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