S&P 500 Faces First Three-Month Losing Streak Since March 2020

The S&P 500 is on track for its first three-month losing streak since March 2020, as US stocks are set to log another losing month. The S&P 500 has officially entered correction territory, down 10% from its recent high, while the Dow Jones Industrial Average has erased its gains for the year. The Federal Reserve's stricter policy stance, higher Treasury yields, and growing uncertainties such as tensions in the Middle East and the potential for a government shutdown have contributed to the market downturn. However, some analysts still see a case for stocks to rise through the end of the year, citing strong third-quarter earnings and attractive valuations.