Should You Still Buy the Nasdaq's Best-Performing September Stocks?
Stocks pulled back in September, primarily due to the Federal Reserve forecast that rates would stay higher for longer. Unsurprisingly, the Nasdaq Composite took the news worse than the other two major indexes, as shown in the chart below.
And since the Nasdaq tends to offer higher growth than the S 500 and the Dow Jones Industrial Average, it's more exposed to higher interest rates, which hit growth stocks harder.
Source Fool.com