S&P 500 Faces Longest Losing Streak Since March 2020

The S&P 500 has recorded its first three-month losing streak since March 2020, falling 2.2% in October and officially entering correction territory. While the tech-heavy Nasdaq is still up for the year, the Dow Jones Industrial Average has erased its 2023 gains. The Federal Reserve's stricter policy stance and concerns about higher debt costs have contributed to the market downturn. However, some analysts believe there is a case for stocks to rise through the end of the year, citing strong third-quarter earnings and historically positive returns in the final two months.