Wall Street ended a very weak stock market month with significant losses on Friday.
Warning words from the deputy head of the US Federal Reserve regarding monetary policy in the United States were only able to support the markets briefly.
In the end, the realization that the upward trend in prices has recently picked up again prevailed.
This means that the pressure on central bankers remains high to raise key interest rates further in the fight against high inflation.
The leading index Dow Jones Industrial fell by 1.71 percent to 28,725.51 points.
In the meantime, it had fallen to its lowest level since November 2020.
On a weekly basis, this means a minus of 2.92 percent.
The Dow ended September down 8.8 percent.
The last time there was a major monthly loss was in March 2020 and thus at the height of the Corona crisis.
Nevertheless, the balance sheet for the third quarter is less negative than in the previous quarter with a minus of 6.7 percent.
However, the stock market barometer recorded the third quarterly loss in a row - this was last in 2015.
The market-wide S&P 500 was down 1.51 percent on Friday at 3585.62 points.
The Nasdaq 100 technology index lost 1.73 percent to 10,971.22 points.