S&P 500's First 3-Month Losing Streak Since March 2020: What's Behind the Decline?

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 over 22% for the year and the S&P 500 is up 9%, the Dow Jones Industrial Average has erased its 2023 gains. Factors such as the Federal Reserve's stricter policy stance, higher Treasury yields, geopolitical tensions, and concerns about higher debt costs have contributed to the market downturn. However, some analysts remain optimistic, citing historical trends and attractive valuations, with expectations of a potential rally in the final two months of the year.