Buy This Tech Stock on the Dip

The Dow logged its first quarterly loss of 2021

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Schaeffer's Market Recap
9/30/2021
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Stocks Stumble Out of September With Steep Losses


By: Fernanda Horner

The last day of the month and quarter brought more volatility to Wall Street, in typical September fashion. The Dow fell 546 points for its second 500+ drop this week, despite trading up triple digits at its session highs, amid a pullback from energy and financial stocks. The blue-chip index ended September with its worst monthly loss since October 2020, and logged its first quarterly loss of 2021.

The S&P 500 also fell today, while the Nasdaq failed to hold onto gains despite a muted 10-year U.S. Treasury yield, logging its fifth consecutive loss. The S&P 500 and Nasdaq did not fare much better for September, with the former logging its worst month since March 2020. The S&P 500 still walked away with its sixth-straight quarterly win, while the Nasdaq snapped a win streak of the same length. 

Continue reading for more on today's market, including:

  • Now is the time to buy Snowflake stock on the dip.
  • Another electric vehicle stock to keep on your radar.
  • Plus, SPCE soars; FuboTV's partnership buzz; and Lordstown Motors making moves.
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