“Stocks rally to start October and a new quarter, Dow up more than 600 points”
October 3, 2022
“…The Dow Jones Industrial Average jumped 681 points higher, or 2.3%. At one point it advanced as much as about 700 points. The S&P 500 rose 2.1%, after falling Friday to its lowest level since November 2020, and the Nasdaq Composite gained 1.6%.
Those moves came as the yield on the 10-year U.S. Treasury note rolled over to trade at around 3.7%, after topping 4% at one point last week…
The Dow shed 8.8% in September, while the S&P 500 and Nasdaq Composite lost 9.3% and 10.5%, respectively.
For the quarter, the Dow fell 6.66% to notch a three-quarter losing streak for the first time since the third quarter of 2015. Both the S&P and Nasdaq Composite fell 5.28% and 4.11%, respectively, to finish their third consecutive negative quarter for the first time since 2009.
As the new quarter kicks off, all S&P 500 sectors sit at least 10% off their 52-week highs. Nine sectors finished the quarter in negative territory…”
https://www.cnbc.com/2022/10/02/stock-market-futures-open-to-close-news.html