Stoever Glass & Co., Inc.
Phone: (212) 952-1910
P: (800) 223-3881
The Markets (as of market close October 31, 2018)
October truly was a scary month as stocks closed the month well below their end-of-September values.
The tech-heavy Nasdaq lost over 9.0% by the end of October, while the small caps of the Russell 2000
fared even worse, losing almost 11.0%. The S&P 500 fell close to 7.0% — its largest monthly decline in over
seven years. The Dow dropped 5.0%, and the Global Dow sank over 7.0%. A slide in internet stocks,
coupled with investor concerns that global economic growth is slowing, helped amp up volatility during
October. Yields on long-term bonds rose as prices fell, with the yield on 10-year Treasuries climbing about
8 basis points on the last day of the month.