Wall Street ends the third quarter with a fall

Nasdaq Composite ended with a fall of 0.43 percent to 14,689.62.

Dow Jones fell by 1.59 percent to 33,843.33.

The benchmark index S&P 500 fell by 1.19 percent today to 4,307.44, and is down 4.8% in September. The index has had its worst monthly loss since March 2020. Despite the fall in the past month, the index has gained a profit this quarter, but it is the smallest quarterly gain since the pandemic stunned the economy and financial markets.

September is notorious for being one of the weaker stock market months historically, and 2021 proved to be no exception. All the leading indices have fallen in the last month. Nasdaq and the Dow Jones fell 4.1 and 5.6 percent, respectively.

Oil prices ended with a marginal decline of 0.06 percent, while gold rose by 1.97 percent.

The ten-year US government bond yield is 1.54 percent while the VIX index, also called the fear index, falls 0.53 percent to 22.44.

Upturn for crypto

The last day of the “red” month of September turned out to be marked by green numbers among the cryptocurrencies. Bitcoin started the day with a jump, but stabilized throughout the day and ended with an increase of 5.10 percent. Litecoin and Ethereum climbed even higher, rising 5.16 and 5.13 percent, respectively.

According to the American research company Fundstrat, both Bitcoin and Ethereum may rise to new record prices before 2021 is over. One of the catalysts they point to that could send currencies upside down is if the US Securities and Exchange Commission, which is responsible for securities trading, approves a listed Bitcoin fund.

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