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Market Month: October 2023

Writer's picture: Grant Stiles, CIO, CFP®Grant Stiles, CIO, CFP®

Stocks closed lower in October for the fourth consecutive month. Each of the benchmark indexes shown here lost value in October, led by the Russell 2000 (-6.9%), followed by the Global Dow (-3.3%), the Nasdaq (-2.8%), the S&P 500 (-2.2%), and the Dow (-1.4%).

Year to date, stocks remained generally higher, with some exceptions. The Nasdaq continued to lead the way (22.8%), followed by the S&P 500 (9.2%), and the Global Dow (4.1%), while the Dow (-0.3%) and the Russell 2000 (-5.6%) lagged.



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You shouldn’t rely on this information as financial guidance. Don’t hesitate to call your financial professional and get answers to questions about how market changes might affect your own portfolio. The DJIA is a price-weighted index composed of 30 widely traded blue-chip U.S. common stocks. The S&P 500 is a market-cap weighted index composed of the common stocks of 500 leading companies in leading industries. The NASDAQ Composite Index is a market-value weighted index of all common stocks listed on the NASDAQ stock exchange. The Russell 2000 is a market-cap weighted index composed of 2000 U.S. small-cap common stocks. The Global Dow is an equally weighted index of 150 widely traded blue-chip common stocks worldwide. Market indices listed are unmanaged and are not available for direct investment. Chart reflects price change, not total return; because it does not include dividends or splits, it should not be used to benchmark performance of specific investments. DATA SOURCES—Performance calculated based on data reported in WSJ Market Data Center. All information is based on sources deemed reliable, but no warranty or guarantee is made as to its accuracy or completeness. Neither the information nor any opinion expressed herein constitutes a solicitation for the purchase or sale of any securities and should not be relied on as financial advice. All investing involves risk, includig the potential loss of principal, and there can be no guarantee that any investing strategy will be successful.



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