With one trading day left before the end of October, investors are seeing a notably selective decline in equity markets. The Nasdaq Composite is down about 2.5%, while the S&P 500’s communication-services sector has plunged by more than 14%. In contrast, energy stocks have gained nearly 12% this month and financials almost 10%. The Dow is therefore on track for a monthly gain, despite October’s reputation for spooking investors.
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