Despite Monday’s drop, the Dow still posted its best October in the index’s 126-year history, up 14% - and its largest monthly gain since 1976.
The stock market dipped Monday as investors spent Halloween spooked by the Federal Reserve’s interest rate hike plans, though major indexes closed out a banner month after suffering one of the worst Septembers in recent history.The Dow Jones Industrial Average fell 0.4%, or 130 points, while the S&P 500 dipped 0.7% and the tech-heavy Nasdaq dropped 1%.
This Halloween is a particularly scary one for the market and the economy, as the U.S. flirts with a recession and inflation sticks at its highest level in four decades, but traders are not always fearful on the holiday.
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