S&P 500 Index (SPX) - Daily Chart - Sep 1 - 30, 2022 (Source: Tradingview)

September 1

• After taking a painful loss in August, the market begins the first trading day of the month in the green.
• The Dow gained 146 points while the S&P went up 0.30% and the Nasdaq went up a meager 0.02%.
• Many consumers brace for a possible September slope as the August to September period is typically known as the worst three-month period for the markets, September being the worst month for the S&P.

September 2

• A Friday rally fueled by jobs faded fast, pushing all three major averages into the red and lower for a 3rd straight week.
• The Dow reached a high of 370 points only to reverse and fall 338 points while the S&P (-1.07%) and Nasdaq (-1.44%) also suffered losses. 
• The unemployment rate ticked up slightly higher to 3.7% and while wages went up; it was less than estimated, as the Fed is looking to slow down the economy faster than its current rate of speed.

September 6

• Wall Street had a turbulent up-down start for the week but ended in the red for the day.
• The Dow swung 400 points and ended down 173 points while the S&P fell 0.41% and the Nasdaq dropped 0.72%.
• Nasdaq is on a losing streak as tech stocks face a serious downturn. Energy stocks regain their luster amid the energy crisis in Europe.
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September 7

• The market advanced today in an attempt to throw off its 3-week slide. 
• The Dow rose 435 points, the S&P jumped 1.83%, and the Nasdaq climbed 2.07%.
• The Nasdaq got out of its 7-day losing streak as tech stocks finally bounced back. 
• Investors are eager to hear of the Fed’s next move, wary that it may go too far in its aggressive tightening efforts.
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September 8

• It was a mixed day on Wall Street as the Dow swung 450 points before ending at a gain of 193 points. The S&P and Nasdaq also rose 0.66% and 0.50%.
• Major averages continue in their attempt to snap a 3-week losing streak. A massive rate hike from the European Central Bank made the client’s stock futures drift lower, while bond yields rose along with bank stocks.
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September 9

• Stocks head into the weekend with a strong rally, bringing the market out of a three-week slump. 
• The Dow advanced 377 points, the S&P climbed to gain 1.53%, and the Nasdaq jumped up by 2.17%.
• Stocks seem to be steering away from a September slope despite concerns about a rate hike from the Fed. 
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September 12

• Last week’s rally continues as consumers hope for good news on inflation on the impending CPI report.
• The Dow rose 229 points while the S&P gained 1.06% and the Nasdaq climbed 1.20%.
• The Tuesday CPI report is expected to show a modest slow on inflation but Wall Street hopes for the chance of a more pronounced easing.
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September 13

• Stocks plunged as inflation data crushed the hopes that inflation would cool down anytime soon and put a hold on the Fed’s hawkish tightening.
• Undoing 5 days of gains from the previous week, the Dow fell 1,276 points along with the S&P (-4.32%) and Nasdaq (-5.54) suffering huge losses.
• The CPI data showed higher-than-expected results, almost assuring the market of more rate hikes which, in turn, increase the odds of a recession.
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September 14

• The market bounces after one of the biggest one-day drops in years caused by unexpectedly high CPI data
• The Dow rose 30 points, the S&P gained 0.34% and the Nasdaq advanced a modest 0.84%
• The unexpected CPI data leaves investors to ponder on whether stocks will fall back to their June lows or even further.
• Reasonable fears rise on the possibility of the Fed hiking interest rates more than its expected 75-point basis.
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September 15

• It was a choppy day on Wall Street with the Dow swinging 400 points only to end down 173 points followed by the S&P (-1.13) and Nasdaq (-1.71%) having modest losses. 
• Consumer names and major global industrials comprised the sectors that weighed on the Dow. A host of mixed data reports set the tone early in the market which ended with a modest “blah.”
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September 16

• The market took another slide as it wrapped up one of its worst weeks in months. 
• The Dow fell 139 points, the S&P slid 0.72%, and the Nasdaq declined 0.55%.
• Consumers reacted to poor earnings warning from FedEx on the global economy as they point to Asia as one of the main factors to their negative outlook. 
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September 19

• The market started off the week fluctuating before settling near session highs. 
• The Dow rose 197 points, the S&P and Nasdaq gaining 0.69% and 0.77% respectively
• Consumers hesitate to take action and are waiting for the Fed meeting which could potentially create another big shift in the market.
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September 20

• Stocks fell and erased all of the earnings that were gained on Monday. 
• The Dow lost 313 points while the S&P went down 1.13% and the Nasdaq slid 0.85%. 
• Bonds continue to rise and tech stocks hold through the decline as Wall Street prepares for yet another rate hike by the Fed. 
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September 21

• The market tumbled as the Fed pushed another rate hike of 0.75%, indicating that there will be more to follow.
• The Dow tumbled 500 points while the S&P fell 1.71% along with the Nasdaq sliding 1.80%.
• Stocks were swinging shortly after the announcement and traders are concerned about the Fed raising rates by 1.25% before the end of the year.
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September 22

• The September slump starts to take effect as stocks continue to slide following the Fed meeting on Wednesday. 
• The Dow was shortly in positive territory but ended 107 points in the red. The S&P (-0.84%) and Nasdaq (-1.17%) also suffered modest losses.
• Rising rates weigh down the market as a quarter of all stocks are hitting 52-week lows. 
• With 6 days left of the month, major averages are still on the path to a losing month which would mark the 2nd negative month and put stocks near their June lows. 
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September 23

• Wall Street faces an ugly end to an already depressing week as stocks continue to plummet due to soaring rates.
• The Dow plummeted 800 to its low but ended at 486 points followed by the S&P losing 1.72% and the Nasdaq ending 1.66% in the red.
• Many traders are beginning to believe that Wall Street is entering bear market territory as stocks are down about 6-8% for the month/
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September 26

• Wall Street kicked off the week in the red, the Dow falling more than 400 points before recovering, the S&P hitting a new low for the year. 
• The Dow fell 329 points, the S&P was 1.03% in the red, and the Nasdaq declined a modest 0.51%. 
• Rising rates continue to weigh on the market, pushing it further down by the day. Treasury notes spiked to the tune of 20 basis points, shaking investors and putting more pressure on rate-sensitive stocks.
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September 27

• It was another turbulent day of trading with the Dow swinging 700 points to finish the day down 0.4%, the S&P down 0.2%, and the tech-heavy Nasdaq managing a gain of 0.25%.
• The market continues to grapple with a lot of domestic economic uncertainty in addition to geopolitical tensions; both weighing heavily on market sentiment.
• This last point comes as Russia announced it has the right to use nuclear weapons if its newly claimed territory is threatened.

September 28

• Stocks were off to snap a string of six-day losses.
• The Dow surged to close up 547 points, and the S&P and Nasdaq ended the day over 2%.
• Energy commodities bounced back; a proxy for growth but also a proxy for inflation.

September 29

• Stocks plummeted in a stunning reversal from yesterday’s gains.
• The Dow sank nearly 700 points before ending the day losing 458, the S&P slid more than 2% while the Nasdaq fell nearly 3%.
• Growth and inflation fears moved the markets lower as the morning’s GDP report showed a sharp upward revision for the PCE, which is the Fed’s preferred inflation measure.
• Plus, initial jobless claims “fell” at a time when the Fed, looking to slow the economy, was expecting claims to rise slightly.

September 30

• Stocks remain choppy and mixed as the market looks to close out a horrible week that brought the S&P 500 to a new 2022 low.
• Mid-day, the Dow is down 122 points. The S&P 500 fell while the Nasdaq rose 0.24%.
• The PCE, an inflation report closely watched by the Federal Reserve, showed that prices continued to increase at a rapid pace.
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