Financial analysts considers September 2010 as the worst month for the stock market industry because stock market indexes had their worst performance by experiencing 0.6% decrease.
In 2010, the Standard & Poor’s (S&P) stock market indexes declined by 14% from its high in April 2010, and decreased by five percent in August 2010. The slow down in stock market indexes was attributed to the faltering economic recovery of the country, wherein the country’s home sales decreased since June 2010, while consumer spending and unemployment struck near 10 percent.
No month has the worse results in the stock market indexes than September 2010. From December 2009 to September 2010, stock market indexes had its ups and downs, wherein in December 2010, it experienced a 1.6% gain, in June 2010 0.04% loss, in July one percent gain, and in August 0.1% gain.
In response to the decline, Federal Reserve Chairman Ben Bernanke, took additional steps to boost the economy by buying more debt and mortgage securities to keep interest rates low.
