Dow Jones fell 1% after Labor Day — MarketWatch
After Labor Day, September began for the stock market with losses and nervous sentiment. As MarketWatch reports, the Dow Jones Industrial Average was down 1% on Tuesday.
Dow Jones performance
According to FactSet, the index was heading for its largest one-day decline in more than two weeks. This meant that since the beginning of September, the Dow Jones Industrial Average had fallen by 2.1%.
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MarketWatch notes that September is usually considered a weak month for the market. Stocks began trading after the holiday with losses, while the publication described market participants’ sentiment as nervous.
Possible Fed decision
According to MarketWatch’s assessment, stocks may soon need to adapt to the first interest rate increase by the Federal Reserve since 2023. The publication also indicates that such a Fed decision could become the next factor for the market.
