|Using Kensho technology, CNBC will surface research and analytic insights designed to create actionable, historical content around market moving events.
The coming chill?
With temperatures over 90 degrees in NYC, it may be hard to believe, but fall is indeed coming. And that hasn’t been the best news for the markets – at least, initially. Historically, September is the worst month of the year for stocks, by a fairly wide margin. Since 1980, the S&P 500 has dropped by an average of 0.72 percent during the month of September – that’s behind August, which loses an average of 0.18 percent.
Though few, there are some sectors that manage to buck the trend, posting positive gains during the month of September – Telecommunication leads, up 0.80 percent, Health Care gains 0.52 percent and Energy, which adds an average of 0.22 percent.