- Wall Street ended September, and the third quarter, on a down note Friday
- Dow lost 500 points in the session, extending September's losses to 8.8%
- The S&P 500 and Nasdaq composite both fell 1.5% in Friday's session
- For first time since 2008, all three indexes lost for three straight quarters
Wall Street ended Friday -- the final day of the month and the quarter -- on another down note, with the main stock indexes posting their third straight quarterly loss for the first time since the Great Recession.
The Dow Jones Industrial Average dropped 500 points for a loss of 1.7 percent on the day, marking a decline of 8.8 percent for the month of September, 6.6 percent for the quarter, and 21 percent since the start of the year.
The market's dismal recent performance follows historically high inflation, rapidly rising interest rates, and fears that the economy could soon crash into a sharp downturn with massive layoffs and soaring unemployment.
In the first nine months of 2022, Wall Street suffered three quarterly declines in a row, the longest losing streak for the S&P 500 and the Nasdaq since 2008, and the Dow's longest quarterly slump in seven years.