September Sell-Off: Should You Sell Your Stocks Right Now?
The stock market recently experienced its worst day in months, and it has some investors on edge.
The S&P 500 fell by around 1.7% between Sept. 20 and Sept. 21, which is its worst single-day drop since May. The Nasdaq and the Dow Jones Industrial Average also fell by around 2% and 1.9%, respectively, during the same time period.
The September sell-off was prompted partially by concerns surrounding China's property market, and some investors are also worried about surging COVID-19 cases and the pandemic's effect on the economy. Historically, September also tends to be a rough month for the stock market, which could be exacerbating investors' concerns.
Source Fool.com